Garmin Ltd (GRMN)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,411,440 | 1,289,640 | 973,585 | 1,082,200 | 992,324 |
| Total assets | US$ in thousands | 9,630,530 | 8,603,570 | 7,731,170 | 7,854,430 | 7,031,370 |
| ROA | 14.66% | 14.99% | 12.59% | 13.78% | 14.11% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $1,411,440K ÷ $9,630,530K
= 14.66%
Based on the provided data, Garmin Ltd's return on assets (ROA) has shown a downward trend from 14.11% on December 31, 2020, to 13.78% on December 31, 2021, and further down to 12.59% on December 31, 2022. However, there was a notable improvement in ROA to 14.99% on December 31, 2023, which slightly decreased to 14.66% on December 31, 2024. Overall, Garmin Ltd's ROA performance has exhibited some fluctuations over the years, indicating varying levels of efficiency in generating profits from its total assets. It is essential for investors and stakeholders to closely monitor these fluctuations to assess the company's operational effectiveness and financial health.
Peer comparison
Dec 31, 2024