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Garmin Ltd  (GRMN)
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    Sector  Capital Goods    Industry Aerospace & Defense
   Industry Aerospace & Defense
   Sector  Capital Goods
 

Garmin Ltd Inventory Turnover Ratio (Sales)

Sales Formula, Quarterly Results, Trends, Rankings, Statistics,
 



GRMN Inventory to Sales Ratio (Sep 30 2023)
III. Quarter
(Jul 01 2023)
II. Quarter
(Apr 01 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
(Sep 24 2022)
III. Quarter
Y / Y Inventory Change -6.09 % -3.62 % 10.41 % 23.41 % 37.7 %
Y / Y Sales Change 11.94 % 6.44 % -2.15 % -6.12 % -4.32 %
Inventory to Sales Ratio (TTM) Sales 3.46 3.32 3.23 3.33 3.56
Overall Ranking # 1367 # 884 # 1777 # 1228 # 1575
Seq. Inventory Change 2.69 % -5.19 % -2.38 % -1.19 % 5.39 %
Seq. Sales Change -3.35 % 15.11 % -12.17 % 14.55 % -8.09 %

Inventory to Sales Ratio Comment
Garmin Ltd inventory to sales ratio sequentially increased to 3.46 in the third quarter 2023, below company average.

Within Capital Goods sector 124 other companies have achieved higher inventory turnover ratio. While inventory to sales ratio remained unchanged compare to previous quarter at no. .

Garmin Ltd Inventory Turnover Ratio using Cost of Sales Formula
What is Inventory Turnover Ratio?
Who are Garmin Ltd Customers?
Inventory to Sales Ratio Company Ranking
Within: No.
Aerospace & Defense Industry # 19
Capital Goods Sector # 125
Overall Market # 1367

Inventory Turnover Ratio Statistics (Sales Formula)
High Average Low
27.86 6.53 3.23
(Dec. 30, 2012)   (Apr 01 2023)







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