Garmin Cost of Goods Sold 2010-2024 | GRMN

Garmin annual/quarterly cost of goods sold history and growth rate from 2010 to 2024. Cost of goods sold can be defined as the difference between beginning and ending inventories for tangible products resulting in an expense that reflects production and sales costs.
  • Garmin cost of goods sold for the quarter ending March 31, 2024 was $0.580B, a 17.16% increase year-over-year.
  • Garmin cost of goods sold for the twelve months ending March 31, 2024 was $2.308B, a 13.26% increase year-over-year.
  • Garmin annual cost of goods sold for 2023 was $2.223B, a 8.27% increase from 2022.
  • Garmin annual cost of goods sold for 2022 was $2.054B, a 1.86% decline from 2021.
  • Garmin annual cost of goods sold for 2021 was $2.092B, a 22.7% increase from 2020.
Garmin Annual Cost of Goods Sold
(Millions of US $)
2023 $2,223
2022 $2,054
2021 $2,092
2020 $1,705
2019 $1,524
2018 $1,368
2017 $1,324
2016 $1,357
2015 $1,282
2014 $1,266
2013 $1,225
2012 $1,277
2011 $1,420
2010 $1,344
2009 $1,502
Garmin Quarterly Cost of Goods Sold
(Millions of US $)
2024-03-31 $580
2023-12-31 $618
2023-09-30 $549
2023-06-30 $561
2023-03-31 $495
2022-12-31 $561
2022-09-30 $470
2022-06-30 $512
2022-03-31 $510
2021-12-31 $619
2021-09-30 $496
2021-06-30 $546
2021-03-31 $431
2020-12-31 $560
2020-09-30 $441
2020-06-30 $354
2020-03-31 $349
2019-12-31 $463
2019-09-30 $367
2019-06-30 $379
2019-03-31 $314
2018-12-31 $383
2018-09-30 $329
2018-06-30 $371
2018-03-31 $284
2017-12-31 $394
2017-09-30 $314
2017-06-30 $347
2017-03-31 $269
2016-12-31 $408
2016-09-30 $316
2016-06-30 $349
2016-03-31 $284
2015-12-31 $368
2015-09-30 $318
2015-06-30 $355
2015-03-31 $241
2014-12-31 $372
2014-09-30 $308
2014-06-30 $333
2014-03-31 $252
2013-12-31 $365
2013-09-30 $291
2013-06-30 $313
2013-03-31 $256
2012-12-31 $395
2012-09-30 $313
2012-06-30 $296
2012-03-31 $273
2011-12-31 $476
2011-09-30 $323
2011-06-30 $352
2011-03-31 $269
2010-12-31 $458
2010-09-30 $348
2010-06-30 $337
2010-03-31 $200
2009-12-31 $573
2009-09-30 $372
2009-06-30 $317
2009-03-31 $241
Sector Industry Market Cap Revenue
Computer and Technology Electrical Products - Miscellaneous $31.103B $5.228B
Garmin, Ltd. is an original equipment manufacturer of navigation and communication equipment that incorporate the global positioning system (GPS)-based technology. The company's diverse portfolio of handheld, portable and fixed-mount GPS-enabled devices provides geographical location and navigation data using the GPS satellite system. The company reports operations under five segments: Outdoor, Fitness, Marine, Auto and Aviation.
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