Garmin (BSP:G1RM34) Days Payable

: 38.66 (As of Dec. 2023)

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Garmin's average Accounts Payable for the three months ended in Dec. 2023 was R$1,284 Mil. Garmin's Cost of Goods Sold for the three months ended in Dec. 2023 was R$3,030 Mil. Hence, Garmin's Days Payable for the three months ended in Dec. 2023 was 38.66.

The historical rank and industry rank for Garmin's Days Payable or its related term are showing as below:

BSP:G1RM34' s Days Payable Range Over the Past 10 Years
Min: 38.27 Med: 48.62 Max: 54.86
Current: 39.3

During the past 13 years, Garmin's highest Days Payable was 54.86. The lowest was 38.27. And the median was 48.62.

BSP:G1RM34's Days Payable is ranked worse than
79.03% of 2418 companies
in the Hardware industry
Industry Median: 68.085 vs BSP:G1RM34: 39.30

Garmin's Days Payable declined from Dec. 2022 (39.09) to Dec. 2023 (38.66). It may suggest that Garmin accelerated paying its suppliers.

Garmin Days Payable Historical Data

The historical data trend for Garmin's Days Payable 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.

* Premium members only.

Garmin Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

52.08

48.27

52.82

54.33

39.50

Garmin Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																39.09	38.99	38.84	43.01	38.66

Competitive Comparison

For the Scientific & Technical Instruments subindustry, Garmin's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Garmin Days Payable Distribution

For the Hardware industry and Technology sector, Garmin's Days Payable distribution charts can be found below:

* The bar in red indicates where Garmin's Days Payable falls into.

Garmin Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Garmin's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (1114.212	+	1243.52)	/	2 )	/	10893.71	*	365
=	1178.866					/	10893.71	*	365
=	39.50

Garmin's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (1323.72	+	1243.52)	/	2 )	/	3029.801	*	365 / 4
=	1283.62					/	3029.801	*	365 / 4
=	38.66

Garmin Days Payable Related Terms

Thank you for viewing the detailed overview of Garmin's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Garmin (BSP:G1RM34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Garmin Ltd (BSP:G1RM34) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

GRMN:USA GRMN:Mexico GRMN:Argentina

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.

Garmin (BSP:G1RM34) Headlines

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