• Garmin average return on equity for 2023 was 17.13, a 2.15% increase from 2022.
• Garmin average return on equity for 2022 was 16.77, a 16.28% increase from 2021.
• Garmin average return on equity for 2021 was 20.03, a 1.77% decline from 2020.

Roe - return on equity can be defined as the amount of net income returned as a percentage of shareholders equity. Return on equity measures a corporation's profitability by revealing how much profit a company generates with the money shareholders have invested.