Joseph Hartnett - Garmin Independent Director

GRMN Stock  USD 148.87  0.89  0.60%   

Director

Mr. Joseph J. Hartnett CPA. serves as Independent Director of Garmin Ltd., since June 2013. Mr. Hartnett was Interim President and Chief Executive Officer of Sparton Corporation since February 2016. Previously he served as President and Chief Executive Officer of Ingenient Technologies, Inc., a multimedia software development company headquartered in Rolling Meadows, Illinois, from April 2008 through November 2010. Mr. Hartnett previously was a partner with Grant Thornton LLP where he served for over 20 years in various leadership positions at the regional, national and international level. Mr. Hartnett is a licensed Certified Public Accountant in the State of Illinois and holds a Bachelors degree in Accounting from the University of Illinois at Chicago. Mr. Hartnett was a director of Sparton Corporation since September 2008 and Chairman of its Board of Directors from October 2014 to February 2016. He was a director of Crossroads Systems, Inc. from March 2011 through June 2013. He is a past chairman and member of the audit committee, past member of the compensation and nominating and corporate governance committees of Sparton Corporationrationration. Mr. Hartnett had served as chairman of the audit committee at Crossroads and as a member of the compensation and the nominating and corporate governance committees. He is also a former director of both U.S. Robotics Corporation and Ingenient Technologies, Inc. The Board has concluded that Mr. Hartnett should be nominated for reelection as a director of Garmin because his 20 years of experience as a Certified Public Accountant with Grant Thornton LLP and his experience as the chairman of the audit committee of two other public companies gives him strong qualifications to be a member of the Audit Committee of the Board since 2013.
Age 64
Tenure 11 years
Professional MarksCPA
Address Mühlentalstrasse 2, Schaffhausen, Switzerland, 8200
Phone41 52 630 1600
Webhttps://www.garmin.com
Hartnett was a director of Crossroads Systems, Inc. from March 2011 to June 2013.

Garmin Management Efficiency

The company has return on total asset (ROA) of 0.0836 % which means that it generated a profit of $0.0836 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.1952 %, meaning that it created $0.1952 on every $100 dollars invested by stockholders. Garmin's management efficiency ratios could be used to measure how well Garmin manages its routine affairs as well as how well it operates its assets and liabilities. As of the 29th of March 2024, Return On Capital Employed is likely to grow to 0.25. Also, Return On Assets is likely to grow to 0.19. At this time, Garmin's Return On Assets are very stable compared to the past year. As of the 29th of March 2024, Asset Turnover is likely to grow to 0.77, while Total Current Assets are likely to drop about 2.3 B.
The company currently holds 113.03 M in liabilities with Debt to Equity (D/E) ratio of 0.02, which may suggest the company is not taking enough advantage from borrowing. Garmin has a current ratio of 2.7, suggesting that it is liquid enough and is able to pay its financial obligations when due. Debt can assist Garmin until it has trouble settling it off, either with new capital or with free cash flow. So, Garmin's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Garmin sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Garmin to invest in growth at high rates of return. When we think about Garmin's use of debt, we should always consider it together with cash and equity.

Similar Executives

Showing other executives

DIRECTOR Age

Bernee StromMicrovision
67
Thomas GlanvilleMind Technology
59
Dennis FortinoNovanta
70
Richard CowellMicrovision
66
Perry MulliganMicrovision
57
Marcus RowlandMind Technology
64
Brian KingNovanta
51
Ira LamelNovanta
70
Stephen ColeFARO Technologies
66
Marvin SamburFARO Technologies
70
Robert GriffinEnergous
50
John GauldingEnergous
71
Thomas SecorNovanta
47
Stephen ZideSensata Technologies Holding
60
Jeffrey PetersonElectro Sensors
55
Steven SonnenbergSensata Technologies Holding
67
Nicolaos AlexopoulosEnergous
75
Lonny CarpenterNovanta
56
Michael ZipoyElectro Sensors
66
Simon BiddiscombeMicrovision
50
Michael JacobsonSensata Technologies Holding
68
Garmin Ltd. designs, develops, manufactures, markets, and distributes a range of wireless devices in the Americas, the Asia Pacific, Australian Continent, Europe, the Middle East, and Africa. Garmin Ltd. was founded in 1989 and is based in Schaffhausen, Switzerland. Garmin operates under High Precision And Instrumentation Products classification in the United States and is traded on New York Stock Exchange. It employs 18700 people. Garmin (GRMN) is traded on New York Stock Exchange in USA. It is located in Mühlentalstrasse 2, Schaffhausen, Switzerland, 8200 and employs 19,900 people. Garmin is listed under Consumer Electronics category by Fama And French industry classification.

Management Performance

Garmin Leadership Team

Elected by the shareholders, the Garmin's board of directors comprises two types of representatives: Garmin inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Garmin. The board's role is to monitor Garmin's management team and ensure that shareholders' interests are well served. Garmin's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Garmin's outside directors are responsible for providing unbiased perspectives on the board's policies.
Min Kao, Executive Chairman of the Board
Charles Peffer, Independent Director
Clifton Pemble, CEO and President Director and President of Garmin International Inc and President of Garmin USA Inc and President of Garmin AT Inc
Patrick Desbois, Executive Vice President - Operations
Philip Straub, Inc International
Joseph Hartnett, Independent Director
Douglas Boessen, Chief Financial Officer, Treasurer
MinHwan Kao, CoFounder Chairman
Rebecca Tilden, Independent Director
Laurie Minard, Vice Resources
Jonathan Burrell, Independent Director
Sean Biddlecombe, Managing EMEA
Ted Gartner, Director Communications
Thomas Poberezny, Independent Director
Donald Eller, Independent Director
Kerri Thurston, Director, Investor Relations
Catherine Lewis, Independent Director
Teri Seck, Manager, Investor Relations
Andrew Etkind, Vice President, General Counsel, Secretary
Susan Lyman, VP Marketing

Garmin Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Garmin a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.

Try AI Portfolio Architect
When determining whether Garmin offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Garmin's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Garmin Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Garmin Stock:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Garmin. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.
To learn how to invest in Garmin Stock, please use our How to Invest in Garmin guide.
You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.

Complementary Tools for Garmin Stock analysis

When running Garmin's price analysis, check to measure Garmin's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Garmin is operating at the current time. Most of Garmin's value examination focuses on studying past and present price action to predict the probability of Garmin's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Garmin's price. Additionally, you may evaluate how the addition of Garmin to your portfolios can decrease your overall portfolio volatility.
Portfolio Anywhere
Track or share privately all of your investments from the convenience of any device
Investing Opportunities
Build portfolios using our predefined set of ideas and optimize them against your investing preferences
Portfolio Manager
State of the art Portfolio Manager to monitor and improve performance of your invested capital
Volatility Analysis
Get historical volatility and risk analysis based on latest market data
Efficient Frontier
Plot and analyze your portfolio and positions against risk-return landscape of the market.
My Watchlist Analysis
Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like
Bonds Directory
Find actively traded corporate debentures issued by US companies
Stocks Directory
Find actively traded stocks across global markets
Share Portfolio
Track or share privately all of your investments from the convenience of any device
Sync Your Broker
Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors.
Latest Portfolios
Quick portfolio dashboard that showcases your latest portfolios
Piotroski F Score
Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals
Is Garmin's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Garmin. If investors know Garmin will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Garmin listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.846
Dividend Share
2.92
Earnings Share
6.7
Revenue Per Share
27.316
Quarterly Revenue Growth
0.135
The market value of Garmin is measured differently than its book value, which is the value of Garmin that is recorded on the company's balance sheet. Investors also form their own opinion of Garmin's value that differs from its market value or its book value, called intrinsic value, which is Garmin's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Garmin's market value can be influenced by many factors that don't directly affect Garmin's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Garmin's value and its price as these two are different measures arrived at by different means. Investors typically determine if Garmin is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Garmin's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.