Garmin Ltd. - GRMN

GRMN Returns vs S&P 500 ⓘ

ticker	1 day return %	1 week return %	1 month return %	3 months return %	6 months return %	1 year return %	3 years return %	5 years return %	10 years return %	maximum return %
GRMN	0.5	3.2	2.3	29.5	24.7	74.8	62.4	117.8	309.9	2057
S&P 500	1.0	1.8	-0.9	2.7	7.3	26.5	31.0	80.1	196.5	33856.2

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Returns Charts ⓘ

Interactive Price Chart

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Real-time Full Quote

Attribute	Value
symbol	GRMN
name	Garmin Ltd.
price	215.7
changes percentage	0.5313
change	1.14
day low	214.62
day high	216.775
year high	222.97
year low	119.15
market cap	41419792500
price avg 50	211.099
price avg 200	177.407
exchange	NYSE
volume	520801
avg volume	896796
open	216.02
previous close	214.56
eps	7.88
pe	27.37
earnings announcement	2025-02-19T13:30:00.000+0000
shares outstanding	192025000
timestamp	2025-01-17 21:00:02

Financial Statements ⓘ

We derive the score of a company's financial statements by evaluating the weighted average sentiment across key within the statements. The cumulative score, normalized to a sum of 1, serves as a metric for assessing the company's performance during the specified period. A higher score indicates stronger performance. However, it's crucial to note that while this score provides valuable insights, it is just one of many factors to consider when making informed investment decisions. A holistic evaluation, considering various aspects of the company's financial health and market conditions, is essential for a well-rounded investment strategy.

Overall Annual Financial Health: 76.7%

Overall Quarterly Financial Health: 85.3%

Income Statements ⓘ

• Annual Income Statement

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0001121788
revenue	5228252000	4860286000	7.57
gross profit	3004955000	2806775000	7.06
gross profit ratio	0.57	0.58	-0.47
research and development expenses	904696000	834927000	8.36
operating expenses	1912795000	1778930000	7.53
interest income	77302000	40826000	89.35
interest expense	0	40826000	-100.00
ebitda	1269732000	1191698000	6.55
ebitdaratio	0.24	0.25	-1.88
operating income	1092160000	1027845000	6.26
operating income ratio	0.21	0.21	-1.22
net income	1289636000	973585000	32.46
net income ratio	0.25	0.2	23.14
eps	6.74	5.06	33.20

Overall Score of Annual Income Statement

0.75 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Revenue Growth: revenue increased to 5,228 million in 2023 from 4,860 million in 2022 representing a change of 7.57%. This indicates a sales growth, which is a positive sign for the company.

  Gross Profit: Gross Profit increased to 3,005 million in 2023 from 2,807 million in 2022 representing a change of 7.06%. This indicates a sales profitability growth, which is a positive sign for the company.

  Research and Development (R&D) Expenses: R&D Expenses increased to 905 million in 2023 from 835 million in 2022 representing a change of 8.36%. This shows that the company continues to invest in innovation and product development, which is crucial for long-term growth.

  EBITDA: EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) increased to 1,270 million in 2023 from 1,192 million in 2022 representing a change of 6.55%. The increase in EBITDA indicates improved operational efficiency and profitability.

  Operating Income: Operating income increased to 1,092 million in 2023 from 1,028 million in 2022 representing a change of 6.26%. The increase in operating income indicates better operational performance and increased profitability.

  Earnings per Share (EPS): EPS increased to 6.74 in 2023 from 6.74 in 2022 representing a change of 33.2%. This indicates that the company's earnings are increasing and it is becoming more profitable on a per-share basis.

• 📉 Negative Indicators

  Operating Expenses: Operating Expenses increased to 1,913 million in 2023 from 1,779 million in 2022 representing a change of 7.53%. The increase in operating expenses can be attributed to various factors such as marketing, administrative costs, and investments in infrastructure. It's important to monitor if these expenses are growing at a sustainable rate compared to revenue.

  Net Income: Net income decreased to 1,290 million in 2023 from 974 million in 2022 representing a change of 32.46%. The decrease in net income shows worsen profitability and indicates that the company is generating less profit for each dollar of revenue.

• Quarterly Income Statement

Note: The years below are fiscal years in accounting.

	2024Q3	2024Q2	Q/Q change %
0001121788
revenue	1586022000	1506671000	5.27
gross profit	951599000	862891000	10.28
gross profit ratio	0.6	0.57	4.76
research and development expenses	249162000	243151000	2.47
operating expenses	514124000	520864000	-1.29
interest income	28830000	29286000	-1.56
interest expense	0	0	NaN
ebitda	481730000	386139000	24.76
ebitdaratio	0.3	0.26	18.51
operating income	437475000	342027000	27.91
operating income ratio	0.28	0.23	21.51
net income	399111000	300630000	32.76
net income ratio	0.25	0.2	26.12
eps	2.08	1.57	32.48

Overall Score of Quarterly Income Statement

1.0 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Revenue Growth: revenue increased to 1,586 million in 2024Q3 from 1,507 million in 2024Q2 representing a change of 5.27%. This indicates a sales growth, which is a positive sign for the company.

  Gross Profit: Gross Profit increased to 952 million in 2024Q3 from 863 million in 2024Q2 representing a change of 10.28%. This indicates a sales profitability growth, which is a positive sign for the company.

  Research and Development (R&D) Expenses: R&D Expenses increased to 249 million in 2024Q3 from 243 million in 2024Q2 representing a change of 2.47%. This shows that the company continues to invest in innovation and product development, which is crucial for long-term growth.

  Operating Expenses: Operating Expenses decreased to 514 million in 2024Q3 from 521 million in 2024Q2 representing a change of -1.29%. The decrease in operating expenses can be attributed to various factors such as improved profitability, cost optimization and financial stability, lower operating expenses can be positive indicators.

  EBITDA: EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) increased to 482 million in 2024Q3 from 386 million in 2024Q2 representing a change of 24.76%. The increase in EBITDA indicates improved operational efficiency and profitability.

  Operating Income: Operating income increased to 437 million in 2024Q3 from 342 million in 2024Q2 representing a change of 27.91%. The increase in operating income indicates better operational performance and increased profitability.

  Net Income: Net income increased to 399 million in 2024Q3 from 301 million in 2024Q2 representing a change of 32.76%. The increase in net income shows improved profitability and indicates that the company is generating more profit for each dollar of revenue.

  Earnings per Share (EPS): EPS increased to 2.08 in 2024Q3 from 2.08 in 2024Q2 representing a change of 32.48%. This indicates that the company's earnings are increasing and it is becoming more profitable on a per-share basis.

Balance Sheets ⓘ

• Annual Balance Sheet

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0001121788
total assets	8603569000	7731170000	11.28
total liabilities	1591509000	1526830000	4.24
total equity	7012060000	6204340000	13.02
cash and cash equivalents	1693452000	1279194000	32.38
short term investments	274618000	173288000	58.47
long term investments	1125191000	1208360000	-6.88
total current assets	4464140000	3955151000	12.87
total non current assets	4139429000	3776019000	9.62
total current liabilities	1310687000	1211635000	8.18
total non current liabilities	280822000	315195000	-10.91
common stock	19588000	17979000	8.95
retained earnings	5263528000	4733517000	11.20
total debt	113035000	114541000	-1.31

Overall Score of Annual Balance Sheet

0.8 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Total Assets: Total Assets increased to 8,604 million in 2023 from 7,731 million in 2022 representing a change of 11.28%. Suggesting a growth in asset holdings.

  Total Equity: Total Equity increased to 7,012 million in 2023 from 6,204 million in 2022 representing a change of 13.02%. This indicates an increase in shareholders' equity.

  Cash And Cash Equivalents: Cash And Cash Equivalents increased to 1,693 million in 2023 from 1,279 million in 2022 representing a change of 32.38%. This indicates an increase in available liquid assets.

  Short Term Investments: Short Term Investments increased to 275 million in 2023 from 173 million in 2022 representing a change of 58.47%. This indicates an increase in short-term investment holdings.

  Total Current Assets: Total Current Assets increased to 4,464 million in 2023 from 3,955 million in 2022 representing a change of 12.87%. This indicates a better liquidity position.

  Common Stock: Common Stock increased to 20 in 2023 from 18 in 2022 representing a change of 8.95%. This indicates an increase in ownership interest.

  Retained Earnings: Retained Earnings increased to 5,264 million in 2023 from 4,734 million in 2022 representing a change of 11.2%. This indicates an accumulated profits.

  Total Debt: Total Debt decreased to 113 million in 2023 from 115 million in 2022 representing a change of -1.31%. This indicates a reduction in overall debt burden.

• 📉 Negative Indicators

  Total Liabilities: Total Liabilities increased to 1,592 million in 2023 from 1,527 million in 2022 representing a change of 4.24%. This indicates an increase in overall liabilities.

  Total Current Liabilities: Total Current Liabilities increased to 1,311 million in 2023 from 1,212 million in 2022 representing a change of 8.18%. This indicates a higher short-term debt burden.

• Quarterly Balance Sheet

Note: The years below are fiscal years in accounting.

	2024Q3	2024Q2	Q/Q change %
0001121788
total assets	9347732000	8883322000	5.23
total liabilities	1841185000	1878340000	-1.98
total equity	7506547000	7004982000	7.16
cash and cash equivalents	2009361000	1937483000	3.71
short term investments	414701000	288659000	43.66
long term investments	1106532000	1192878000	-7.24
total current assets	5209505000	4676272000	11.40
total non current assets	4138227000	4207050000	-1.64
total current liabilities	1578664000	1624323000	-2.81
total non current liabilities	262521000	254016999	3.35
common stock	19490000	19490000	0.00
retained earnings	5563576000	5164227000	7.73
total debt	109832000	102167000	7.50

Overall Score of Quarterly Balance Sheet

0.89 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Total Assets: Total Assets increased to 9,348 million in 2024Q3 from 8,883 million in 2024Q2 representing a change of 5.23%. Suggesting a growth in asset holdings.

  Total Liabilities: Total Liabilities decreased to 1,841 million in 2024Q3 from 1,878 million in 2024Q2 representing a change of -1.98%. This indicates a decrease in overall liabilities.

  Total Equity: Total Equity increased to 7,507 million in 2024Q3 from 7,005 million in 2024Q2 representing a change of 7.16%. This indicates an increase in shareholders' equity.

  Cash And Cash Equivalents: Cash And Cash Equivalents increased to 2,009 million in 2024Q3 from 1,937 million in 2024Q2 representing a change of 3.71%. This indicates an increase in available liquid assets.

  Short Term Investments: Short Term Investments increased to 415 million in 2024Q3 from 289 million in 2024Q2 representing a change of 43.66%. This indicates an increase in short-term investment holdings.

  Total Current Assets: Total Current Assets increased to 5,210 million in 2024Q3 from 4,676 million in 2024Q2 representing a change of 11.4%. This indicates a better liquidity position.

  Total Current Liabilities: Total Current Liabilities decreased to 1,579 million in 2024Q3 from 1,624 million in 2024Q2 representing a change of -2.81%. This indicates a lower short-term debt burden.

  Retained Earnings: Retained Earnings increased to 5,564 million in 2024Q3 from 5,164 million in 2024Q2 representing a change of 7.73%. This indicates an accumulated profits.

• 📉 Negative Indicators

  Total Debt: Total Debt increased to 110 million in 2024Q3 from 102 million in 2024Q2 representing a change of 7.5%. This indicates an increase in overall debt burden.

Cashflow Statements ⓘ

• Annual Cashflow Statement

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0001121788
net change in cash	414244000	-218931000	289.21
operating cash flow	1376265000	788259000	74.60
free cash flow	1181237000	542066000	117.91
capital expenditure	-195028000	-246193000	20.78
depreciation and amortization	177572000	163853000	8.37
deferred income tax	-340774000	-143286000	-137.83
stock based compensation	101422000	76801000	32.06
accounts payables	28503000	-131268000	121.71
inventory	244506000	-363327000	167.30
acquisitions net	-150853000	-13455000	-1021.17
investments in property plant and equipment	-193524000	-246193000	21.39
net cash used for investing activites	-332972000	-145124000	-129.44
debt repayment	0	0	NaN
common stock issued	0	0	NaN
common stock repurchased	-98988000	-223742000	55.76
dividends paid	-558769000	-679096000	17.72
net cash used provided by financing activities	-636509000	-840617000	24.28
cash at end of period	1694156000	1279912000	32.37
accounts receivables	-129120000	167336000	-177.16
cash at beginning of period	1279912000	1498843000	-14.61

Overall Score of Annual Cashflow Statement

0.75 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Net Change in Cash: Net Change in Cash increased to 414 million in 2023 from -219 million in 2022 representing a change of 289.21%. Indicating an increased ability to generate cash from the company's operations or its cash flow position.

  Operating Cash Flow: Operating Cash Flow increased to 1,376 million in 2023 from 788 million in 2022 representing a change of 74.6%. This indicates that the company generated more cash from its core business operations.

  Free Cash Flow: Free Cash Flow increased to 1,181 million in 2023 from 542 million in 2022 representing a change of 117.91%. This indicates an increase in cash generated after accounting for capital expenditures.

  Accounts Payables: The absolute value of Accounts Payables decreased to 29 million in 2023 from 131 million in 2022 representing a change of 121.71%. This indicates that the company has reduced its outstanding obligations to its suppliers.

  Accounts Receivables: Accounts Receivables decreased to -129 million in 2023 from 167 million in 2022 representing a change of -177.16%. This suggests that the company has been able to collect payments from its customers more efficiently and timely.

  Dividends Paid: Dividends Paid increased to -559 million in 2023 from -679 million in 2022 representing a change of 17.72%. This indicates a stronger financial position, more confidence in future prospects, and a better commitment to returning value to shareholders.

• 📉 Negative Indicators

  Capital Expenditure: Capital Expenditure increased to -195 million in 2023 from -246 million in 2022 representing a change of 20.78%. This indicates an increase in the cash outflow required for acquiring or improving long-term assets.

  Stock-Based Compensation: Stock-Based Compensation increased to 101 million in 2023 from 77 million in 2022 representing a change of 32.06%. This indicates increased expenses, which is generally considered a negative sign from a financial perspective.

• Quarterly Cashflow Statement

Note: The years below are fiscal years in accounting.

	2024Q3	2024Q2	Q/Q change %
0001121788
operating cash flow	257955000	255321000	1.03
free cash flow	219411000	218164000	0.57
capital expenditure	-38544000	-37157000	-3.73
depreciation and amortization	44255000	44112000	0.32
deferred income tax	-18188000	-26167000	30.49
stock based compensation	35056000	35264000	-0.59
accounts receivables	-94967000	-117053000	18.87
accounts payables	32250000	93346000	-65.45
inventory	-152497000	-27913000	-446.33
acquisitions net	0	0	NaN
investments in property plant and equipment	-38544000	-37157000	-3.73
net cash used for investing activites	-47608000	-106282000	55.21
debt repayment	0	0	NaN
common stock issued	0	24530000	-100.00
common stock repurchased	-19614000	-9990000	-96.34
dividends paid	-144127000	-144034000	-0.06
net cash used provided by financing activities	-163741000	-129494000	-26.45
net change in cash	71903000	15701000	357.95
cash at end of period	2010074000	1937483000	3.75
cash at beginning of period	1938171000	1921782000	0.85

Overall Score of Quarterly Cashflow Statement

0.67 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Net Change in Cash: Net Change in Cash increased to 72 million in 2024Q3 from 16 million in 2024Q2 representing a change of 357.95%. Indicating an increased ability to generate cash from the company's operations or its cash flow position.

  Operating Cash Flow: Operating Cash Flow increased to 258 million in 2024Q3 from 255 million in 2024Q2 representing a change of 1.03%. This indicates that the company generated more cash from its core business operations.

  Free Cash Flow: Free Cash Flow increased to 219 million in 2024Q3 from 218 million in 2024Q2 representing a change of 0.57%. This indicates an increase in cash generated after accounting for capital expenditures.

  Capital Expenditure: Capital Expenditure decreased to -39 million in 2024Q3 from -37 million in 2024Q2 representing a change of -3.73%. This indicates a possible improved efficiency or a shift in the company's strategic priorities.

  Stock-Based Compensation: Stock-Based Compensation decreased to 35 million in 2024Q3 from 35 million in 2024Q2 representing a change of -0.59%. This indicates decreased expenses, which is generally considered a positive sign from a financial perspective.

  Accounts Payables: The absolute value of Accounts Payables decreased to 32 million in 2024Q3 from 93 million in 2024Q2 representing a change of -65.45%. This indicates that the company has reduced its outstanding obligations to its suppliers.

• 📉 Negative Indicators

  Deferred Income Tax: Deferred Income Tax increased to -18 million in 2024Q3 from -26 million in 2024Q2 representing a change of 30.49%. This indicates that the company's tax liability for future periods has increased.

  Accounts Receivables: Accounts Receivables increased to -95 in 2024Q3 from -117 million in 2024Q2 representing a change of 18.87%. This suggests that the company is less capable of collecting payments from its customers.

  Dividends Paid: Dividends Paid decreased to -144 million in 2024Q3 from -144 million in 2024Q2 representing a change of -0.06%. This indicates a weaker financial position, less confidence in future prospects, and a reluctance to return value to shareholders.

Earnings Transcripts ⓘ

We save you time by utilizing Generative AI to summarize earnings transcripts. Our summaries provide a clear insight into the company's current performance, future outlook, and overall sentiment expressed during the call. Click on below links to explore more.

Note: The years mentioned below are fiscal years in accounting.

Q3 2024 Earnings call transcript
Q2 2024 Earnings call transcript
Q1 2024 Earnings call transcript
Q4 2023 Earnings call transcript
Q3 2023 Earnings call transcript
Q2 2023 Earnings call transcript
Q1 2023 Earnings call transcript
Q4 2022 Earnings call transcript

Earnings Per Share (EPS) ⓘ

Analyst Stock Recommendations ⓘ

Discover detailed analyst recommendations for stocks, including categories such as Buy, Hold, Sell, Strong Buy, and Strong Sell. These insights are based on thorough analysis of financial and market factors. The consensus is calculated by assigning a numerical score to each recommendation. These scores are then weighted and averaged over a specified period to provide a comprehensive view of the stock's outlook, with the final score determining the overall consensus.

Financial Ratios ⓘ

• Annual Financial Ratios

	2023-12-30	2022-12-31	Y/Y change %
FY
calendar year	2023	2022	NaN
revenue per share	27.32	25.24	8.22
net income per share	6.74	5.06	33.26
operating cash flow per share	7.19	4.09	75.64
free cash flow per share	6.17	2.82	119.22
cash per share	10.28	7.54	36.31
book value per share	36.64	32.22	13.70
tangible book value per share	32.48	28.35	14.59
shareholders equity per share	36.64	32.22	13.70
interest debt per share	0.59	0.81	-26.81
market cap	24602170380	17769885760	38.45
enterprise value	23021753380	16605232760	38.64
pe ratio	19.08	18.25	4.52
price to sales ratio	4.71	3.66	28.70
pocfratio	17.88	22.54	-20.70
pfcf ratio	20.83	32.78	-36.47
pb ratio	3.51	2.86	22.50
ptb ratio	3.51	2.86	22.50
ev to sales	4.4	3.42	28.88
enterprise value over ebitda	18.13	13.93	30.12
ev to operating cash flow	16.73	21.07	-20.59
ev to free cash flow	19.49	30.63	-36.38
earnings yield	0.05	0.05	-4.32
free cash flow yield	0.05	0.03	57.40
debt to equity	0.02	0.02	-12.68
debt to assets	0.01	0.01	-11.32
net debt to ebitda	-1.24	-0.98	-27.36
current ratio	3.41	3.26	4.34
interest coverage	0	25.18	-100.00
income quality	1.07	0.81	31.81
dividend yield	0.02	0.04	-40.57
payout ratio	0.43	0.7	-37.88
sales general and administrative to revenue	0.16	0.16	0.03
research and ddevelopement to revenue	0.17	0.17	0.73
intangibles to total assets	0.09	0.1	-4.29
capex to operating cash flow	0.14	0.31	-54.63
capex to revenue	0.04	0.05	-26.36
capex to depreciation	1.1	1.5	-26.90
stock based compensation to revenue	0.02	0.02	22.76
graham number	74.53	60.55	23.09
roic	0.16	0.14	11.63
return on tangible assets	0.17	0.14	18.49
graham net net	8.68	6.11	42.11
working capital	3153453000	2743516000	14.94
tangible asset value	6216985000	5457885000	13.91
net current asset value	2872631000	2428321000	18.30
invested capital	5316349000	4775016000	11.34
average receivables	736045000	750146000	-1.88
average payables	233103500	291232500	-19.96
average inventory	1430500000	1371327000	4.32
days sales outstanding	56.91	49.33	15.38
days payables outstanding	41.66	37.76	10.35
days of inventory on hand	220.97	269.29	-17.95
receivables turnover	6.41	7.4	-13.33
payables turnover	8.76	9.67	-9.38
inventory turnover	1.65	1.36	21.87
roe	0.18	0.16	17.20
capex per share	1.02	1.28	-20.31

• Positive

  ROE: Return on Equity (ROE) increased to 0.18 on 2023-12-30 from 0.16 on 2022-12-31, representing a change of 17.20%. Suggesting the company has been generating high returns for its shareholders.

  PE Ratio: Price-to-Earnings (P/E) Ratio increased to 19.08 on 2023-12-30 from 18.25 on 2022-12-31, representing a change of 4.52%. Indicating an increase in the relative valuation of the company's stock.

  Debt-to-Equity Ratio: Debt-to-Equity Ratio decreased to 0.02 on 2023-12-30 from 0.02 on 2022-12-31, representing a change of -12.68%. The debt-to-equity ratio has been decreasing, indicating that the company has been relying less on debt financing. A ratio of 1 or below is often considered healthy and indicates that the company's total debt is equal to or less than its total equity.

• Negative

  Current Ratio: Current Ratio increased to 3.41 on 2023-12-30 from 3.26 on 2022-12-31, representing a change of 4.34%. The current ratio has been increasing, suggesting an increase in the company's short-term liquidity. Since it's above 3, indicating poor management of working capital.

• Quarterly Financial Ratios

	2024-09-28 Q3	2024-06-29 Q2	Q/Q change %
GRMN
calendar year	2024	2024	NaN
revenue per share	8.25	7.84	5.20
net income per share	2.08	1.57	32.67
operating cash flow per share	1.34	1.33	0.96
free cash flow per share	1.14	1.14	0.51
cash per share	12.61	11.59	8.82
book value per share	39.06	36.47	7.09
tangible book value per share	35.0	32.47	7.78
shareholders equity per share	39.06	36.47	7.09
interest debt per share	0.57	0.53	7.43
market cap	33441051990	31292696080.0	6.87
enterprise value	31541522990	29457380080.0	7.08
pe ratio	20.95	26.02	-19.50
price to sales ratio	21.08	20.77	1.52
pocfratio	129.64	122.56	5.77
pfcf ratio	152.41	143.44	6.26
pb ratio	4.45	4.47	-0.28
ptb ratio	4.45	4.47	-0.28
ev to sales	19.89	19.55	1.72
enterprise value over ebitda	65.48	76.29	-14.17
ev to operating cash flow	122.28	115.37	5.98
ev to free cash flow	143.76	135.02	6.47
earnings yield	0.01	0.01	24.23
free cash flow yield	0.01	0.01	-5.89
debt to equity	0.01	0.01	0.32
debt to assets	0.01	0.01	2.16
net debt to ebitda	-3.94	-4.75	17.04
current ratio	3.3	2.88	14.63
interest coverage	0	0	NaN
income quality	0.65	0.85	-23.90
dividend yield	0.0	0.0	-6.36
payout ratio	0.36	0.48	-24.63
sales general and administrative to revenue	0	0	NaN
research and ddevelopement to revenue	0.16	0.16	-2.65
intangibles to total assets	0.08	0.09	-3.47
capex to operating cash flow	0.15	0.15	2.67
capex to revenue	0.02	0.02	-1.46
capex to depreciation	0.87	0.84	3.40
stock based compensation to revenue	0.02	0.02	-5.56
graham number	42.72	35.84	19.20
roic	0.05	0.04	19.41
return on tangible assets	0.05	0.04	25.75
graham net net	10.55	8.4	25.52
working capital	3630841000	3051949000	18.97
tangible asset value	6726433000	6236984000	7.85
net current asset value	3368320000	2797932000	20.39
invested capital	5768733000	5156269000	11.88
average receivables	865240000	751568000	15.12
average payables	352981500	287512500	22.77
average inventory	1412589500	1310936500	7.75
days sales outstanding	52.32	48.29	8.34
days payables outstanding	53.06	46.4	14.34
days of inventory on hand	213.58	184.49	15.77
receivables turnover	1.72	1.86	-7.70
payables turnover	1.7	1.94	-12.54
inventory turnover	0.42	0.49	-13.62
roe	0.05	0.04	23.89
capex per share	0.2	0.19	3.66

• Negative

  ROE: Return on Equity (ROE) increased to 0.05 on 2024-09-28 Q3 from 0.04 on 2024-06-29 Q2, representing a change of 23.89%. However, ROE is <= 5%, suggesting that the company has not been generating high returns for its shareholders.

  PE Ratio: Price-to-Earnings (P/E) Ratio decreased to 20.95 on 2024-09-28 Q3 from 26.02 on 2024-06-29 Q2, representing a change of -19.50%. Indicating a decrease in the relative valuation of the company's stock.

  Current Ratio: Current Ratio increased to 3.30 on 2024-09-28 Q3 from 2.88 on 2024-06-29 Q2, representing a change of 14.63%. The current ratio has been increasing, suggesting an increase in the company's short-term liquidity. Since it's above 3, indicating poor management of working capital.

• Positive

  Debt-to-Equity Ratio: Debt-to-Equity Ratio decreased to 0.01 on 2024-09-28 Q3 from 0.01 on 2024-06-29 Q2, representing a change of 0.32%. The debt-to-equity ratio has been decreasing, indicating that the company has been relying less on debt financing. A ratio of 1 or below is often considered healthy and indicates that the company's total debt is equal to or less than its total equity.

Growth Rates ⓘ

• Annual Growth

• Quarterly Growth

Intrinsic Value (Discounted Cash Flow) ⓘ

Negative Sentiment: Discounted Cash Flow value is 111.1 which is lower than current price 215.7, indicates the company may be overvalued.