Looking Into Garmin''s Return On Invested Capital
According to Benzinga Pro, during Q2, Garmin (NASDAQ: GRMN ) earned $257.87 million, a 21.87% increase from the preceding quarter. Garmin also posted a total of $1.24 billion in sales, a 5.8% increase since Q1. Garmin earned $211.59 million, and sales totaled $1.17 billion in Q1. What Is ROIC? Return on Invested Capital is a measure of yearly pre-tax profit relative to capital invested by a business. Changes in earnings and sales indicate shifts in a company''s ROIC. A higher ROIC is generally representative of successful growth of a company and is a sign of higher earnings … Full story available on Benzinga.com
Looking Into Garmin''s Return On Invested Capital
According to Benzinga Pro, during Q2, Garmin (NASDAQ: GRMN ) earned $257.87 million, a 21.87% increase from the preceding quarter. Garmin also posted a total of $1.24 billion in sales, a 5.8% increase since Q1. Garmin earned $211.59 million, and sales totaled $1.17 billion in Q1. What Is ROIC? Return on Invested Capital is a measure of yearly pre-tax profit relative to capital invested by a business. Changes in earnings and sales indicate shifts in a company''s ROIC. A higher ROIC is generally representative of successful growth of a company and is a sign of higher earnings … Full story available on Benzinga.com