Garmin's change in receivables for the quarter that ended in Dec. 2023 was $-74 Mil. It means Garmin's Accounts Receivable
increased by $74 Mil
from Sep. 2023 to Dec. 2023 .
Garmin's change in receivables for the fiscal year that ended in Dec. 2023 was $-129 Mil. It means Garmin's Accounts Receivable
increased by $129 Mil
from Dec. 2022 to Dec. 2023 .
Garmin's Accounts Receivable for the quarter that ended in Dec. 2023 was $815 Mil.
Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.
Garmin's Days Sales Outstanding for the
three
months ended in Dec. 2023 was 50.18.
In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Garmin's liquidation value for the
three
months ended in Dec. 2023 was $1,661 Mil.
Garmin Change In Receivables Historical Data
The historical data trend for Garmin's Change In Receivables can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.
Change In Receivables for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-129 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Garmin (NYSE:GRMN) Change In Receivables Explanation
1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.
Garmin's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Garmin Change In Receivables Related Terms
Thank you for viewing the detailed overview of Garmin's Change In Receivables provided by GuruFocus.com. Please click on the following links to see related term pages.
Garmin produces GPS-enabled hardware and software for five verticals: fitness, outdoors, auto, aviation, and marine. The company relies on licensing mapping data to enable its hardware specialized for often niche activities like scuba diving or sailing. Garmin operates in 100 countries and sells its products via distributors as well as relationships with original equipment manufacturers.
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