Garmin Ltd (GRMN)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 7,848,400 | 7,012,060 | 6,204,340 | 6,114,160 | 5,516,120 |
| ROE | 17.98% | 18.39% | 15.69% | 17.70% | 17.99% |
December 31, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $1,411,440K ÷ $7,848,400K
= 17.98%
Based on the data provided, Garmin Ltd's return on equity (ROE) has shown some fluctuations over the years. In December 2020, the ROE was 17.99%, which decreased slightly to 17.70% by December 2021. There was a more noticeable decrease in the ROE to 15.69% by December 2022. However, the performance improved in the following years, with the ROE increasing to 18.39% by December 2023 and remaining relatively stable at 17.98% by December 2024.
Overall, Garmin Ltd's ROE demonstrates a general trend of staying above 15%, indicating that the company has been efficiently utilizing its shareholders' equity to generate returns. It is important for investors to monitor the trends in ROE over time to assess the company's profitability and efficiency in generating profits relative to its equity base.
Peer comparison
Dec 31, 2024