Garmin Capex To Revenue vs Book Value Per Share Analysis

GRMN Stock

USD 215.40 0.18 0.08%

Garmin financial indicator trend analysis is much more than just examining Garmin latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Garmin is a good investment. Please check the relationship between Garmin Capex To Revenue and its Book Value Per Share accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Garmin. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

To learn how to invest in Garmin Stock, please use our How to Invest in Garmin guide.

Capex To Revenue vs Book Value Per Share

Capex To Revenue vs Book Value Per Share Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Garmin Capex To Revenue account and Book Value Per Share. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Garmin's Capex To Revenue and Book Value Per Share is -0.18. Overlapping area represents the amount of variation of Capex To Revenue that can explain the historical movement of Book Value Per Share in the same time period over historical financial statements of Garmin, assuming nothing else is changed. The correlation between historical values of Garmin's Capex To Revenue and Book Value Per Share is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capex To Revenue of Garmin are associated (or correlated) with its Book Value Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Book Value Per Share has no effect on the direction of Capex To Revenue i.e., Garmin's Capex To Revenue and Book Value Per Share go up and down completely randomly.

Correlation Coefficient

-0.18

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Capex To Revenue

The ratio of a company's capital expenditures to its total revenue, indicating how much of the revenue is used for acquiring or maintaining physical assets.

Book Value Per Share

The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.

Most indicators from Garmin's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Garmin current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Garmin. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

To learn how to invest in Garmin Stock, please use our How to Invest in Garmin guide.At this time, Garmin's Selling General Administrative is very stable compared to the past year. As of the 14th of December 2024, Enterprise Value is likely to grow to about 6.2 B, though Tax Provision is likely to grow to (84.8 M).

	2021	2022	2023	2024 (projected)
Interest Expense	57.1M	40.8M	46.9M	36.0M
Depreciation And Amortization	154.8M	163.9M	177.6M	186.5M

Interest Expense Depreciation And Amortization

Garmin fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Other Liab	Other Assets	Cash And Equivalents
Total Assets		0.75	0.75	0.79	1.0	0.95	-0.86	0.96	0.76	0.74	0.99	0.5	0.77	0.8	-0.56	0.43	0.91	0.89	0.72	0.76	0.84	0.64	-0.33	0.32	0.67	0.71
Short Long Term Debt Total	0.75		0.58	0.69	0.77	0.81	-0.58	0.79	0.56	0.67	0.74	0.18	0.66	0.59	-0.08	0.24	0.83	0.77	0.56	0.64	0.82	0.48	-0.33	-0.04	0.57	0.63
Other Current Liab	0.75	0.58		0.98	0.71	0.6	-0.78	0.62	0.9	0.89	0.74	0.48	0.93	0.92	-0.04	0.64	0.57	0.55	0.44	0.97	0.92	0.1	-0.07	0.41	0.5	0.89
Total Current Liabilities	0.79	0.69	0.98		0.75	0.65	-0.8	0.66	0.89	0.92	0.77	0.39	0.95	0.94	-0.01	0.64	0.64	0.61	0.43	0.99	0.97	0.16	-0.05	0.39	0.47	0.91
Total Stockholder Equity	1.0	0.77	0.71	0.75		0.97	-0.83	0.98	0.74	0.71	0.99	0.49	0.73	0.76	-0.58	0.37	0.93	0.9	0.74	0.72	0.82	0.67	-0.37	0.27	0.68	0.67
Property Plant And Equipment Net	0.95	0.81	0.6	0.65	0.97		-0.7	1.0	0.69	0.59	0.95	0.43	0.61	0.62	-0.57	0.19	0.98	0.96	0.8	0.59	0.76	0.7	-0.53	0.05	0.68	0.55
Net Debt	-0.86	-0.58	-0.78	-0.8	-0.83	-0.7		-0.71	-0.67	-0.91	-0.82	-0.26	-0.88	-0.85	0.38	-0.57	-0.64	-0.64	-0.4	-0.8	-0.8	-0.51	-0.06	-0.54	-0.5	-0.89
Retained Earnings	0.96	0.79	0.62	0.66	0.98	1.0	-0.71		0.7	0.59	0.96	0.47	0.62	0.64	-0.59	0.2	0.97	0.94	0.81	0.6	0.76	0.7	-0.52	0.08	0.69	0.55
Accounts Payable	0.76	0.56	0.9	0.89	0.74	0.69	-0.67	0.7		0.75	0.75	0.56	0.84	0.85	-0.13	0.49	0.66	0.71	0.62	0.86	0.88	0.16	-0.33	0.27	0.55	0.76
Cash	0.74	0.67	0.89	0.92	0.71	0.59	-0.91	0.59	0.75		0.7	0.21	0.98	0.92	0.01	0.64	0.54	0.54	0.34	0.92	0.92	0.26	0.07	0.47	0.47	0.99
Non Current Assets Total	0.99	0.74	0.74	0.77	0.99	0.95	-0.82	0.96	0.75	0.7		0.56	0.74	0.78	-0.58	0.45	0.91	0.87	0.75	0.75	0.82	0.63	-0.37	0.33	0.68	0.66
Non Currrent Assets Other	0.5	0.18	0.48	0.39	0.49	0.43	-0.26	0.47	0.56	0.21	0.56		0.35	0.5	-0.44	0.5	0.33	0.36	0.65	0.44	0.38	0.1	-0.49	0.39	0.68	0.2
Cash And Short Term Investments	0.77	0.66	0.93	0.95	0.73	0.61	-0.88	0.62	0.84	0.98	0.74	0.35		0.96	-0.01	0.66	0.56	0.56	0.42	0.95	0.94	0.23	-0.02	0.47	0.55	0.97
Net Receivables	0.8	0.59	0.92	0.94	0.76	0.62	-0.85	0.64	0.85	0.92	0.78	0.5	0.96		-0.11	0.74	0.56	0.57	0.45	0.95	0.92	0.21	-0.03	0.55	0.58	0.91
Common Stock Shares Outstanding	-0.56	-0.08	-0.04	-0.01	-0.58	-0.57	0.38	-0.59	-0.13	0.01	-0.58	-0.44	-0.01	-0.11		-0.02	-0.52	-0.51	-0.5	-0.01	-0.04	-0.69	0.3	-0.23	-0.36	0.04
Non Current Liabilities Total	0.43	0.24	0.64	0.64	0.37	0.19	-0.57	0.2	0.49	0.64	0.45	0.5	0.66	0.74	-0.02		0.15	0.15	0.18	0.76	0.57	-0.14	0.21	0.88	0.27	0.65
Inventory	0.91	0.83	0.57	0.64	0.93	0.98	-0.64	0.97	0.66	0.54	0.91	0.33	0.56	0.56	-0.52	0.15		0.96	0.74	0.57	0.74	0.65	-0.48	0.0	0.57	0.51
Other Current Assets	0.89	0.77	0.55	0.61	0.9	0.96	-0.64	0.94	0.71	0.54	0.87	0.36	0.56	0.57	-0.51	0.15	0.96		0.78	0.55	0.73	0.63	-0.54	-0.01	0.61	0.51
Other Stockholder Equity	0.72	0.56	0.44	0.43	0.74	0.8	-0.4	0.81	0.62	0.34	0.75	0.65	0.42	0.45	-0.5	0.18	0.74	0.78		0.4	0.56	0.47	-0.87	0.02	0.66	0.31
Total Liab	0.76	0.64	0.97	0.99	0.72	0.59	-0.8	0.6	0.86	0.92	0.75	0.44	0.95	0.95	-0.01	0.76	0.57	0.55	0.4		0.94	0.11	0.01	0.53	0.46	0.91
Total Current Assets	0.84	0.82	0.92	0.97	0.82	0.76	-0.8	0.76	0.88	0.92	0.82	0.38	0.94	0.92	-0.04	0.57	0.74	0.73	0.56	0.94		0.29	-0.2	0.3	0.57	0.9
Short Term Debt	0.64	0.48	0.1	0.16	0.67	0.7	-0.51	0.7	0.16	0.26	0.63	0.1	0.23	0.21	-0.69	-0.14	0.65	0.63	0.47	0.11	0.29		-0.28	0.0	0.36	0.17
Common Stock	-0.33	-0.33	-0.07	-0.05	-0.37	-0.53	-0.06	-0.52	-0.33	0.07	-0.37	-0.49	-0.02	-0.03	0.3	0.21	-0.48	-0.54	-0.87	0.01	-0.2	-0.28		0.37	-0.49	0.09
Other Liab	0.32	-0.04	0.41	0.39	0.27	0.05	-0.54	0.08	0.27	0.47	0.33	0.39	0.47	0.55	-0.23	0.88	0.0	-0.01	0.02	0.53	0.3	0.0	0.37		0.1	0.47
Other Assets	0.67	0.57	0.5	0.47	0.68	0.68	-0.5	0.69	0.55	0.47	0.68	0.68	0.55	0.58	-0.36	0.27	0.57	0.61	0.66	0.46	0.57	0.36	-0.49	0.1		0.46
Cash And Equivalents	0.71	0.63	0.89	0.91	0.67	0.55	-0.89	0.55	0.76	0.99	0.66	0.2	0.97	0.91	0.04	0.65	0.51	0.51	0.31	0.91	0.9	0.17	0.09	0.47	0.46

Click cells to compare fundamentals

Garmin Account Relationship Matchups

Garmin fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	6.2B	7.0B	7.9B	7.7B	8.6B	9.0B
Other Current Liab	685.8M	749.9M	862.4M	661.9M	730.2M	455.6M
Total Current Liabilities	1.0B	1.2B	1.4B	1.2B	1.3B	744.5M
Total Stockholder Equity	4.8B	5.5B	6.1B	6.2B	7.0B	7.4B
Property Plant And Equipment Net	792.5M	950.2M	1.2B	1.3B	1.4B	1.4B
Net Debt	(978.3M)	(1.4B)	(1.4B)	(1.2B)	(1.6B)	(1.5B)
Retained Earnings	3.2B	3.8B	4.3B	4.7B	5.3B	5.5B
Accounts Payable	240.8M	258.9M	370.0M	212.4M	253.8M	168.9M
Cash	1.0B	1.5B	1.5B	1.3B	1.7B	939.0M
Non Current Assets Total	3.1B	3.4B	3.6B	3.8B	4.1B	4.3B
Non Currrent Assets Other	182.8M	206.7M	115.7M	95.1M	96.7M	141.9M
Cash And Short Term Investments	1.4B	1.8B	1.8B	1.5B	2.0B	1.1B
Net Receivables	706.8M	849.5M	843.4M	656.8M	815.2M	564.6M
Common Stock Shares Outstanding	190.9M	191.9M	193.0M	193.0M	192.1M	161.3M
Liabilities And Stockholders Equity	6.2B	7.0B	7.9B	7.7B	8.6B	9.0B
Non Current Liabilities Total	337.4M	351.0M	292.1M	315.2M	280.8M	231.5M
Inventory	752.9M	762.1M	1.2B	1.5B	1.3B	1.4B
Other Current Assets	169.0M	211.7M	344.7M	330.8M	334.9M	351.6M
Other Stockholder Equity	1.5B	1.6B	1.7B	1.6B	1.8B	1.9B
Total Liab	1.4B	1.5B	1.7B	1.5B	1.6B	976.0M
Total Current Assets	3.1B	3.7B	4.3B	4.0B	4.5B	2.3B
Accumulated Other Comprehensive Income	55.9M	183.4M	117.8M	(114.5M)	(65.6M)	(62.3M)
Other Liab	288.1M	275.1M	222.1M	200.7M	230.8M	282.1M
Other Assets	451.3M	1.3B	375.9M	536.2M	616.6M	647.4M
Cash And Equivalents	1.0B	1.5B	1.5B	1.3B	1.5B	934.7M
Intangible Assets	192.5M	244.4M	216.0M	178.5M	186.6M	131.0M
Property Plant Equipment	728.9M	855.5M	1.1B	1.1B	1.3B	1.4B
Current Deferred Revenue	94.6M	86.9M	87.7M	91.1M	101.2M	121.5M
Short Term Investments	376.5M	387.6M	348.0M	173.3M	274.6M	165.2M
Property Plant And Equipment Gross	792.5M	855.5M	1.2B	1.3B	2.4B	2.5B
Good Will	467.1M	584.2M	575.1M	568.0M	608.5M	638.9M
Net Tangible Assets	4.3B	4.8B	5.4B	5.6B	6.4B	4.1B
Retained Earnings Total Equity	3.2B	3.8B	4.3B	4.7B	5.4B	5.7B
Capital Surpluse	1.8B	1.9B	2.0B	2.0B	2.3B	2.5B
Deferred Long Term Liab	114.8M	116.8M	117.6M	130.0M	149.5M	153.9M
Long Term Investments	1.2B	1.1B	1.3B	1.2B	1.1B	1.3B

Pair Trading with Garmin

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Garmin position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Garmin will appreciate offsetting losses from the drop in the long position's value.

Moving together with Garmin Stock

0.75	ELSE	Electro Sensors	Pair Corr
0.88	FARO	FARO Technologies	Pair Corr

Moving against Garmin Stock

0.88	ST	Sensata Technologies	Pair Corr
0.69	WATT	Energous	Pair Corr
0.67	SVREW	SaverOne 2014	Pair Corr
0.54	VPG	Vishay Precision	Pair Corr

The ability to find closely correlated positions to Garmin could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Garmin when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Garmin - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Garmin to buy it.

The correlation of Garmin is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Garmin moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Garmin moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Garmin can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Garmin offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Garmin's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Garmin Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Garmin Stock:

How To Invest In Garmin

Details

Is Garmin Stock a good investment?

Details

What is Garmin's Net Worth?

Details

Largest Consumer Electronics Companies

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Largest Scientific & Technical Instruments Companies

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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Garmin. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

To learn how to invest in Garmin Stock, please use our How to Invest in Garmin guide.

You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.

Is Consumer Electronics space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Garmin. If investors know Garmin will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Garmin listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.545

Dividend Share

Earnings Share

7.86

Revenue Per Share

31.044

Quarterly Revenue Growth

0.241

The market value of Garmin is measured differently than its book value, which is the value of Garmin that is recorded on the company's balance sheet. Investors also form their own opinion of Garmin's value that differs from its market value or its book value, called intrinsic value, which is Garmin's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Garmin's market value can be influenced by many factors that don't directly affect Garmin's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Garmin's value and its price as these two are different measures arrived at by different means. Investors typically determine if Garmin is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Garmin's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Garmin Capex To Revenue vs Book Value Per Share Analysis

Capex To Revenue vs Book Value Per Share

Capex To Revenue vs Book Value Per Share Correlation Analysis

Correlation Coefficient

Capex To Revenue

Book Value Per Share

Garmin fundamental ratios Correlations

Garmin Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Garmin fundamental ratios Accounts

Pair Trading with Garmin

Moving together with Garmin Stock

Moving against Garmin Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Retained Earnings	+ 1.0	Property Plant And Equipment Net
Non Current Assets Total	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Current Liabilities
Non Current Assets Total	+ 0.99	Total Stockholder Equity
Cash And Equivalents	+ 0.99	Cash

Cash	- 0.91	Net Debt
Cash And Equivalents	- 0.89	Net Debt
Cash And Short Term Investments	- 0.88	Net Debt
Common Stock	- 0.87	Other Stockholder Equity
Net Debt	- 0.86	Total Assets
Net Receivables	- 0.85	Net Debt