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Garmin Ltd
NASDAQ:GRMN

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Garmin Ltd Logo
Garmin Ltd
NASDAQ:GRMN
Watchlist
Price: 141.93 USD 0.66% Market Closed
Updated: Apr 16, 2024

ROE
Return on Equity

20%
Current
18%
Average
6.7%
Industry
Positive for the last year
20%
Positive average
18%
Better than average
Better than industry value

ROE, or Return on Equity, is a key financial ratio that measures a company's profitability. Specifically, it measures how many dollars of profit are generated for each dollar of shareholder's equity. A higher ROE indicates better financial performance and effective use of capital, making it a valuable metric for investors assessing a company's earning potential.

ROE
20%
=
Net Income
1.3B
/
Equity
6.7B

ROE Across Competitors

ROE Comparison
Garmin Ltd Competitors

Country CH
Market Cap 27.2B USD
ROE
20%
Country JP
Market Cap 15.9T JPY
ROE
13%
Country JP
Market Cap 3.3T JPY
ROE
13%
Country CN
Market Cap 90.9B CNY
ROE
4%
Country KR
Market Cap 16.5T KRW
ROE
4%
Country IN
Market Cap 450.2B INR
ROE
28%
Country CN
Market Cap 34.8B CNY
ROE
12%
Country JP
Market Cap 528.8B JPY
ROE
5%
Country JP
Market Cap 521.4B JPY
ROE
-70%
Country CN
Market Cap 22.6B CNY
ROE
11%
Country CN
Market Cap 22.4B CNY
ROE
5%

Profitability Report

View the profitability report to see the full profitability analysis for Garmin Ltd.

See Also

Discover More
What is Return on Equity?

ROE, or Return on Equity, is a key financial ratio that measures a company's profitability. Specifically, it measures how many dollars of profit are generated for each dollar of shareholder's equity. A higher ROE indicates better financial performance and effective use of capital, making it a valuable metric for investors assessing a company's earning potential.

ROE
20%
=
Net Income
1.3B
/
Equity
6.7B
What is the ROE of Garmin Ltd?

Based on Garmin Ltd's most recent financial statements, the company has ROE of 20%.