Garmin (HAM:GEY) Change In Inventory : €200 Mil (TTM As of Mar. 2024)

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What is Garmin Change In Inventory?

Garmin's change in inventory for the quarter that ended in Mar. 2024 was €15 Mil. It means Garmin's inventory declined by €15 Mil from Dec. 2023 to Mar. 2024 .

Garmin's change in inventory for the fiscal year that ended in Dec. 2023 was €224 Mil. It means Garmin's inventory declined by €224 Mil from Dec. 2022 to Dec. 2023 .

Garmin's Total Inventories for the quarter that ended in Mar. 2024 was €1,198 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Garmin's Days Inventory for the quarter that ended in Mar. 2024 was 208.15.

Inventory Turnover measures how fast the company turns over its inventory within a year. Garmin's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.44.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Garmin's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.96.

Garmin Change In Inventory Historical Data

The historical data trend for Garmin's Change In Inventory 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.

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Garmin Change In Inventory Chart

Garmin Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-153.15

23.61

-421.66

-342.98

224.21

Garmin Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															40.83	62.60	-0.07	122.00	15.22

Garmin Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €200 Mil.

Garmin (HAM:GEY) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Garmin's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	1216.1465	/	533.149	*	365 / 4
	=	208.15

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Garmin's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	533.149	/	1216.1465
	=	0.44

3. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Garmin's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1216.1465	/	1271.117
	=	0.96

Garmin Change In Inventory Related Terms

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Garmin (HAM:GEY) Business Description

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Address

Muhlentalstrasse 2, Schaffhausen, CHE, 8200

Website

https://www.garmin.com

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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