Garmin GRMN Asset turnover
Asset turnover at other companies
Other financials
Where this comes from
Calculated from Garmin’s reported figures.
Based on trailing twelve months.
The official record: Garmin’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is Garmin's asset turnover?
- Garmin (GRMN) reported asset turnover of 0.7× in Q1 2026.
- How has Garmin's asset turnover changed year-over-year?
- Garmin's asset turnover increased by 2.8% year-over-year, from 0.7× to 0.7×.
- What is the long-term trend for Garmin's asset turnover?
- Over 5 years (2020 to 2025), Garmin's asset turnover has grown at a 2.1% compound annual growth rate (CAGR), from 0.6× to 0.7×.
- What does asset turnover mean?
- How many sales dollars the company generates from each dollar of assets.
- How do you interpret asset turnover?
- Higher turnover means a more sales-efficient asset base. Low-margin businesses (retail, distribution) compete on high turnover; high-margin ones (software, luxury) on margin.
- How does asset turnover compare across companies?
- Compare within an industry — turnover differences across sectors reflect business models, not performance.