Garmin Ltd Cash Flow Conversion Efficiency
Garmin Ltd cash flow conversion efficiency. Based on the latest financial reports, Garmin Ltd (GRMN) has a cash flow conversion efficiency ratio of 0.037x as of June 2026. Cash flow conversion efficiency measures how effectively a company's net assets (equity) generate operating cash flow. It is calculated by dividing operating cash flow ($337.93 Million) by net assets ($9.03 Billion). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.
Cash Flow Conversion Efficiency of Garmin Ltd (1999–2025)
Cash flow conversion efficiency of Garmin Ltd from 1999 to 2025. This chart illustrates how Garmin Ltd's cash flow conversion efficiency has evolved over time, based on yearly financial data. View GRMN stock price for real-time trading data and today's change.
Garmin Ltd Cash Flow Conversion Ratio Explained
Garmin Ltd cash flow conversion ratio divides operating cash flow by net assets, so a higher ratio means more cash generated from each unit of shareholder equity.
Garmin Ltd Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Garmin Ltd ranked by their cash flow conversion efficiency. Also see GRMN market cap for the company's overall valuation and market capitalisation.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
AB Volvo (publ)
ST:VOLV-B
|
0.056x |
|
Ametek Inc
NYSE:AME
|
0.041x |
|
Elite Material Co Ltd
TW:2383
|
0.040x |
|
Life Insurance Corporation Of India
NSE:LICI
|
0.034x |
|
Credit Agricole SA
PA:ACA
|
-0.216x |
|
Vale S.A
MX:VALEN
|
0.062x |
|
Baker Hughes Co
NASDAQ:BKR
|
0.067x |
|
Target Corporation
NYSE:TGT
|
0.073x |
Annual Cash Flow Conversion Efficiency for Garmin Ltd (1999–2025)
The table below shows the annual cash flow conversion efficiency of Garmin Ltd from 1999 to 2025. Review free cash flow generation of Garmin Ltd to assess how much free cash flow the company generates relative to operating cash flow.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2025-12-31 | $8.97 Billion | $1.63 Billion | 0.182x | -0.26% |
| 2024-12-31 | $7.85 Billion | $1.43 Billion | 0.183x | -7.01% |
| 2023-12-31 | $7.01 Billion | $1.38 Billion | 0.196x | +54.48% |
| 2022-12-31 | $6.20 Billion | $788.26 Million | 0.127x | -23.27% |
| 2021-12-31 | $6.11 Billion | $1.01 Billion | 0.166x | -19.54% |
| 2020-12-31 | $5.52 Billion | $1.14 Billion | 0.206x | +41.23% |
| 2019-12-31 | $4.79 Billion | $698.55 Million | 0.146x | -34.02% |
| 2018-12-31 | $4.16 Billion | $919.52 Million | 0.221x | +27.09% |
| 2017-12-31 | $3.80 Billion | $660.84 Million | 0.174x | -15.82% |
| 2016-12-31 | $3.42 Billion | $705.68 Million | 0.206x | +146.24% |
| 2015-12-31 | $3.35 Billion | $280.47 Million | 0.084x | -45.41% |
| 2014-12-31 | $3.40 Billion | $522.71 Million | 0.154x | -10.79% |
| 2013-12-31 | $3.66 Billion | $630.08 Million | 0.172x | -11.20% |
| 2012-12-31 | $3.53 Billion | $684.75 Million | 0.194x | -23.22% |
| 2011-12-31 | $3.26 Billion | $822.33 Million | 0.253x | -0.08% |
| 2010-12-31 | $3.05 Billion | $770.64 Million | 0.253x | -34.51% |
| 2009-12-31 | $2.84 Billion | $1.09 Billion | 0.386x | -0.38% |
| 2008-12-31 | $2.23 Billion | $862.16 Million | 0.387x | +33.49% |
| 2007-12-31 | $2.35 Billion | $682.09 Million | 0.290x | +24.93% |
| 2006-12-31 | $1.56 Billion | $361.86 Million | 0.232x | +8.82% |
| 2005-12-31 | $1.16 Billion | $247.00 Million | 0.213x | -4.40% |
| 2004-12-31 | $935.86 Million | $208.94 Million | 0.223x | -4.46% |
| 2003-12-31 | $749.69 Million | $175.18 Million | 0.234x | -19.74% |
| 2002-12-31 | $602.50 Million | $175.41 Million | 0.291x | +1.67% |
| 2001-12-31 | $453.97 Million | $129.99 Million | 0.286x | +18.41% |
| 2000-12-31 | $365.24 Million | $88.32 Million | 0.242x | +6.13% |
| 1999-12-31 | $194.60 Million | $44.34 Million | 0.228x | -- |
About Garmin Ltd
Garmin Ltd. designs, develops, manufactures, markets, and distributes a diverse range of GPS-enabled products and navigation, communications, sensor-based, and information products and services worldwide. It offers running; cycling products; smartwatch devices; scales and monitors; and sports timing and performance analysis; Garmin Connect and Garmin Connect Mobile, which are web and mobile platf… Read more