Garmin Ltd./ Financial Analysis - 4318 Words

I. Garmin Ltd Corporate History/ Company Overview Garmin Ltd. and its subsidiaries, design, manufacture, market and sell navigation, communication and information devices and applications since 1989. Garmin Ltd. (Nasdaq: GRMN) Is a company incorporated in the Cayman Islands on July 24, 2000 as a holding company for Garmin Corporation, a Taiwan Corporation, facilitating public offering of Garmin shares to the United States. Garmin has principal subsidiaries in the United States, Taiwan and the United Kingdom. Garmin owns, directly or indirectly, all of the operating companies in the Garmin group. The development of Global Positioning System (GPS) devices was offered an optimal scenario when the†¦show more content†¦Quick Ratio: (Current Assets- Inventory) / Current Liabilities 2009 2008 2007 Tom Tom Sector 3.05 3.25 2.28 0.88 1.46 Garmin shows a slight quick ratio decrease compared to 2008, however its ability to pay-off short term obligations without relying on the sale of its inventories, is greater than the industry sector, while Tom Tom, with a 2009 quick ratio of 0.88 is not in liquid condition. Garmin’s quick ratio is more than twice higher than the sector average and its competitor, and it might indicate that assets are underutilized, potentially indicating inefficiency in utilizing assets. But like any measure of performance, it s necessary to look behind the numbers and examine the component parts. Asset Management Ratios To determine effectiveness on the company’s management of assets, asset management ratios would give measures indicating such effectiveness. If a company has excessive investments in assets, free cash flow and stock price might be reduced. If a company does not have enough assets, it might lose sales, hurting profitability, free cash flow and stock price (Brigham Ehrardt, 2008) Asset Turnover Ratio: Sales / Total Assets 2009 2008 2007 Tom Tom Sector 0.87 1.19 0.97 0.54 0.37 By measuring the sales generated per dollar of assets invested in the organization, total asset turnoverShow MoreRelatedCompany Overview of Garmin1026 Words   |  4 Pagesmanufacturer Garmin has gone from a specialized producer of niche equipment to a Wall Street champion in 2007. Since that time, the company has diminished into a relative has-been according to many analysts. For example, in late 2007 the Garmin stock price reached a record high of over one hundred twenty dollars a share. However, in 2008, the stock price fell below twenty dollars a share and today the stock rests in the mid-forties after a mild recovery from the fifty two week low. This analysis looks intoRead MoreTomtom Marketing4498 Words   |  18 Pages449425 459114 437979 450453 Executive summary The purpose of this report is to analyze TomTom’s internal and external environment and come up with a relevant new strategy that could be implemented by TomTom in the near future. The external analysis concludes that TomTom is suffering from two factors; one is an increasing (indirect) competition in developing (PDA) consumer markets and second is a decreasing sales in their most important markets. As a result TomTom has started to shift itsRead MoreGarmin7016 Words   |  29 PagesGarmin (GRMN) Recommendation: Buy Industry: Communication Equipment Recent Price $59.37 Analyst: Jennifer Traynor Target Price $60.76 Report Date: 5/2/2007 Highlights †¢ Large-cap growth stock with a market cap of $11.68 billion. †¢ Garmin has the number one GPS market share of 50% in the U.S. and the number two GPS market share in Europe of 16.7% †¢ Consumer demand for GPS products will continue to increase as technology improves and produces new and innovative products. †¢ High historical ROICRead MoreAccounting Microline Case1418 Words   |  6 PagesAcquisition of Garmin Ltd. And Subsidiaries Garmin Ltd is under consideration for acquisition by Mega Industries. As a result, an assessment of Microline’s financial condition and assessment is necessary to evaluate the company as a suitable candidate. Our team has prepared a memo stating Microline’s earning power potential , solvency position, and to which extent the companies financial statements reflect the true financial position and performance. We have also included an analysis regardingRead MoreTom Tom Marketing Strategy3294 Words   |  14 Pagescivilian use in mid 80ies has commenced its commercial use by removing selective signal availability in 2000. In early 90ies there were already several pioneer companies (Garmin, TomTom) setting up new technology companies developing GPS receiver devices. Since then market has grown to estimated $8.2 billions worldwide in 2009 (Garmin) and is still considered as a market with great potential. Considering the aimed usage, target customers market can be divi ded into three major segments: †¢ Military †¢Read MoreSwot Analysis of Sheng Siong7005 Words   |  29 PagesCommunication | | | | | | | Table of Contents 1. Executive Summary 3 2. Current Marketing Situation 4 2.1 Market Summary 4 2.2 Competition 6 2.3 Product Offering 7 2.4 SWOT Analysis 9 2.5 Critical Issues 10 3. Market Strategy 10 3.1 Misson 10 3.2 Marketing Objectives 13 3.3 Financial Objectives 13 3.4 Target Market 13 3.5 Positioning 15 3.6 Marketing Mix 15 4. Fiancials 18 4.1 Sales Forecast 18 4.2 Expense Forecast 20 5. Controls 21 5.1 Implementations 21 5.2

Do College Students Deserve Alcohol Essay examples

As a college student I have to bring up a problem that has recently caught my eye. Drinking in the college environment has done much harm to the well-being of the students. The more I see drunken people around campus the more I become concerned for their safety. As I think about this more I start to question if we as body should be allowed to even possess alcohol, regardless of age. While alcohol incidents that include death are very seldom, many other categories have gone up; the number of binge drinkers-those who intend to drink to get drunk- has gone up, the number of Minor in Consumption tickets has gone up and the number of alcohol-related crimes has increased. With the full intent of ensuring the safety of my fellow students, I call†¦show more content†¦Of the problems that are affected by alcohol, academics are a major one; Binge drinkers who consistently drink are more likely to fall behind in class than non-bingers. In a report in From Knowledge to Action, half of reported binge drinkers say that they miss a class due to drinking habits, a third of them say that they fall behind in class because they drink alcohol (Wechsler 40). Being drunk can also have other dangers. In The Risky Business of Binge Drinking Among College Students, the consequences of binge drinking are shown in statistics. Alcohol has been accounted for in 95 percent of violent crimes. Also, a quote from in From Knowledge to Action: â€Å"Colleges must protect their students from these negative effects of alcohol. One in eight non-binge-drinking students nationwide reported being assaulted physically or having personal property vandalized due to another students alcohol use.† (Wolburg 20) An average of 29 percent of women has been sexually assaulted during their time in college; of the cases, 85 percent were date raped. I have personally seen what alcohol can do to my fellow peers. There were a few instances in which a friend of mine came back from partying and it was blatantly obvious that he was drunk. It was one thing when he was only saying funny things; when people are drunk, they usually make humorous statements and cause no harm. However, it became a serious matter when he acted in aShow MoreRelatedSports Enthusiasts Love And Enjoy Watching Their Favorite Team Play1335 Words   |  6 Pagesplay. The best student athletes have the prestige of representing and playing for their universities. These student-athletes receive various opportunities from their universities in order to continue pursuing their higher education. However becoming a student-athlete often has some disadvantages such as not getting paid for their hard work and dedication in the field. Having a poor academic achievement, consuming drugs and steroids, and living with stress. First of all, college athletes are notRead MoreLowering The Minimum Drinking Age1380 Words   |  6 Pagesthink young adults (18-year olds) are irresponsible, the minimum drinking age should be lowered to 18 because they deserve to be recognized as adults in order to avoid illegal, uncontrolled drinking and other illegal actions. According to Alexis Aguirre in The University Star, â€Å"Keeping the minimum legal drinking age at 21 will not dissuade young people who want to indulge in reckless alcohol intake. If anything, the age limit encourages binge drinking. Lowering the drinking age could make it easier toRead MoreDrinking Age : A Good Idea899 Words   |  4 PagesDrinking Age Who could possibly think it’s smart to lower the national minimum age requirement to buy and consume alcohol? Richard Marron, State Representative of Vermont, thinks it’s a good idea. Ruth C. Engs, Professor of Applied Health Sciences at Indiana University, thinks it’s a good idea. Dwight B. Heath, Professor of Anthropology at Brown University, thinks it’s a good idea. I think it’s a good idea. Wouldn’t lowering the Minimum Legal Drinking Age (MLDA) result in more cases of drunk drivingRead MoreKeep Guns from Campuses 1374 Words   |  5 Pagesfirearms regulation regarding college campuses. All over the world violence occurs when we least expect it. As the human race evolves, so does the technology we use. We have acquired the ability to kill a man without being in his general vicinity. With just the slight movement of my finger I can end someone’s life. One small confrontation could lead to a terrible travesty. In the United States alone, we have seen many shootings in educational buildings from the students themselves. When you put gunsRead MoreThe Truth behind Home-Education Parent-led education has been around for a millennium, at least,1400 Words   |  6 Pagesfeel as though the students are more sheltered and are missing out on sports and other social activities. Not only is that but the curriculum looked down upon. However, when a closer look is taken we find that these students tend score higher on standardized tests, excel in college due in large part to being socially and emotionally prepared, are provided with a better home life, and environment for learning. Standardized test scores are one of the first things that a College Admissions Officer willRead More Fan Violence Essay1430 Words   |  6 Pagesall fans do it, but there are many that do. Alcohol is usually the root to the fans menacing behavior during sports games. William Ligue Jr., who was fan at one of the games, admitted he drank before beating someone up (â€Å"Alcohol†). The fans were described as uncontrollable beasts. Winning is supposed to cause you to drink for celebration (â€Å"Alcohol†). And then losing is supposed to cause you to cry in your alcohol (â€Å"Alcohol†). The alcohol industry markets hugely on risk-taking fans (â€Å"Alcohol†). MaybeRead MoreGuns Are The Best Way Of Protecting Oneself1426 Words   |  6 Pagesgunshot on a college campus is not going to go unnoticed; someone is bound to hear and come to check out what’s going on and hopefully be able to help the victim. Guns are the best means of self defense. A classroo m full of students are sitting ducks to someone with a gun. They know the students and professor are not armed and they are the perfect target if the shooter wants to kill a lot of people quickly. On October 1st, 2015, near Roseburg, Oregon, Christopher Harper-Mercer, a student enrolled inRead More The Prevalence of Sexual Harassment on College Campuses Essay1399 Words   |  6 PagesThe Prevalence of Sexual Harassment on College Campuses One night, â€Å"Amy,† a student at State, was hanging out with some friends in her room. â€Å"A bunch of people were there, and one guy I didn’t know was obviously drunk and kept asking me out. I tried to brush him off, and didn’t take it seriously because he was drunk. I left to go to sleep. â€Å"He followed me to my room and kept banging on my bedroom door, trying to push it open and asking me to talk to him. I talked to him for a little while justRead MoreMy Social Life Over My Academic Life879 Words   |  4 Pagesin high school no longer worked as well in college. In 2007, I enrolled at Augustana College in Sioux Falls, SD. Augustana is a small, private university, and I learned plenty of academic, as well as life, lessons while attending. My grades at Augustana dropped slightly at first compared to what they were in high school. I finally realized that studying would be necessary; however I allowed myself to fall into the same trap as many other n ew students, and I chose to prioritize my social life overRead MoreThe Aspects of Hazing1450 Words   |  6 Pagesin colleges; however, became more widely known after the Civil War. Men, who fought in the war, felt the need to have a connection to the events that happened to their own fathers or themselves. These men would re-instate themselves into their colleges and begin using military tactics they learned from camp as a means of hazing. Paddling, a method for hazing new fraternity members, comes from a long line of disciplinary punishments made to toughen the soldiers. People also hazed in colleges due

The Idea of Progressivism Free Essays

The idea of Progressivism came with the belief that society was capable of improvement and that continued growth and advancement were the destiny of this great nation. The muckrakers were among the first people to promote this new and profound nationalistic spirit. Many were persuasive and crusading journalists who began to direct public attention and discretion toward the political, social, and economic injustices of the US during the late nineteenth and early twentieth centuries. We will write a custom essay sample on The Idea of Progressivism or any similar topic only for you Order Now They strove to expose scandal and corruption to the American public. Ellen Fitzpatrick†s Muckraking: Three Landmark Articles, presents famous articles by Lincoln Steffens, Ida Tarbell, and Ray Stannard Baker which appeared in the January, 1903 edition of McClure†s Magazine. The articles examine political corruption, the emergence and behavior of giant corporations, and labor racketeering in industrial America. The article by Lincoln Steffens mostly focused on the problems and examples of corruption, as well as the challenge of reform. Steffens began to develop a somewhat paradoxical view of good and evil in city politics at a young age (Fitzpatrick, 20). This frame of mind led to his views in the article, The Shame of Minneapolis. The intertwined processes of urbanization, industrialization and immigration meant that American cites mushroomed in the late nineteenth century. â€Å"The city† became an increasingly complex organism, which required sanitation, water, building codes, zoning regulations, policing. But as the city administration expanded, so did opportunities to misuse government power. Throughout, the Progressive period calls for electoral reform and/or increased â€Å"efficiency† and â€Å"scientific management† in municipal affairs were paired with revelations of corruption in municipal politics and policing. Steffens agreed with these reforms all along as well as political thieve! Tarbell is using an historical example to illustrate the use of trusts and holding companies by entrepreneurs seeking monopoly control of various industrial sectors in the United States with her article, The Oil War of 1872. As Tarbell hints in this article, despite the failure of the South Improvement Company, John D. Rockefeller eventually succeeded in dominating the petroleum industry through the Standard Oil Company. Rockefeller pioneered the â€Å"trust† form of organization when he founded the Standard Oil Trust in 1879. Standard Oil became, along with Andrew Carnegie†s U. S. Steel, the most notorious of the powerful â€Å"trusts,† a term that came to be applied to all large industrial combinations whether or not they followed the formal â€Å"trust† model of investing. Rockefeller eventually built the largest private fortune in the United States and became perhaps the prototypical Gilded Age â€Å"robber baron,† reviled for his ruthless business practices. The federal government successful! ly prosecuted Standard Oil for monopolistic practices in 1906, and the trust was forced to disband. In a sense, this was the exact outcome Ida Tarbell was aiming for in writing this article. â€Å"She presented the â€Å"facts† of the oil scandal as she had come to understand them, believing that an objective account would best serve the evidence† (Fitzpatrick, 27). Many wondered, however, if Tarbell was prejudice toward big business. Nevertheless, Tarbell most likely just believed in fair play, taught to her by her father who was one of the men who resisted the Southern Improvement Company. Ray Stannard Baker†s article, The Right to Work, relates to the 1902 anthracite coal strike in Pennsylvania that lasted over five months. The miners wanted the mine owners to recognize their new union, the United Mine Workers of America but the owners refused to bargain with the UMW. The miners were also looking for a 10-20% increase in wages and an eight-hour work. As the winter of 1902-03 approached, President Roosevelt ordered the mine owners and UMW president to the White House to negotiate. When the mine owners still refused to compromise, Roosevelt told the owners that if they did not agree to arbitration, he would send 10,000 federal troops to seize their property and get the mines working. Previously, federal troops had only been called in to support the management side in labor disputes. The very surprised mine owners agreed to arbitration and the miners eventually went back to work with a10% increase and a nine-hour day. Although he enjoyed a public reputation as a ! â€Å"trust buster† fighting powerful capitalists on behalf of less affluent Americans, Roosevelt was not in favor of getting rid of the trusts and large corporations. He believed that large-scale capitalism brought prosperity and efficiency to the American economy. The job of the federal government was to police or regulate big business to stop the worst misuses of power. The mine owners, in Roosevelt†s view, were abusing their power and they were threatening the well-being of Americans who needed coal to heat their homes. Roosevelt†s handling of the coal strike was very popular with ordinary Americans, Baker in particular. Conclusively, these articles give the reader a broad understanding of the nature of â€Å"Progressivism. † Each of the issues presented in the three articles points out particular flaws of American society in the early 1900s. They are brought forward to the public in a manner such that people will realize these flaws and strive to change them, â€Å"progress† forward, and improve the nation. As a result, the muckrakers including Steffens, Tarbell, and Baker, played a big part in Progressivism. In my opinion, the Progressives approached these attempted social reforms just right. They were not too radical or too conservative. This is evident in how much society changed in that period for the better, and the condition of our society today for that matter. If people such as the muckrakers had not attempted to reform the nation, who knows where it would be today. They must have done something right so I would conclude that they achieved their goals just right. How to cite The Idea of Progressivism, Papers

Holiday Trip free essay sample

Travelling has always been my hobby. I used to travel to many places back in Malaysia. To me, travelling is the best way to understand human nature besides to discover many things that I am not exposed to before. In fact, seeing new places, new landscapes, meeting new people, and learning about different culture are all the great benefits that I get from travelling. For my first winter break in the US, the first place I went to is the famous city of Las Vegas. It is a great place for people who are fond of a city life. I did not go there for gambling. Instead, I went there to attend the annual gathering for Malaysian and Indonesian (MUKTAMAR) which is an Islamic event held to get to know new people as well as to listen to some knowledge talks. During this event, I get to meet my Malaysian friends who are studying at different universities all over the US. We will write a custom essay sample on Holiday Trip or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page It is really exciting to see their happy faces after a long time that it feels as if we were in Malaysia! Having went to the excellent places in Las Vegas, my friends from Stevens and I went for a road trip around California and Nevada. The first place we visited was the great architectural marvel, Hoover Dam, which is located on the border between the US states of  Arizona and Nevada. It is amazing that as we pass through the bridge, there will be two different time zones-Pacific, which is the time zone in Nevada and Mountain which is the time zone for Arizona. We manage to take many beautiful pictures there before continuing our journey to the great Grand Canyon. It was a long and tiring journey from Las Vegas which took us almost eleven hours to reach our hotel at Grand Canyon. On the next day, despite the cold atmosphere, we went out early to witness the beauty of sunrise in the early morning. We managed to reach the Grand Canyon National Park exactly before sunrise. The view is breathtaking and stunning. We walk around and took more pictures for about an hour before we went for hiking along South Kaibab trail to â€Å"Ooh Aah Point† which is a distance of about 2500m. It was tiring but worth the time and energy as we could see amazing landscape during the hiking. On the next day, we went to the City of Angels, Los Angeles. We settled there for three days before went back to Las Vegas to catch our flight at the Las Vegas Airport. On the first day in LA, we went to the â€Å"Hollywood sign†,  a landmark  and  American cultural icon  in the Hollywood Hills  area of Mount Lee, Santa Monica Mountain. All this time, I can only see it in the movies. It feels so great that I got a chance to see it real close. Again, we took many pictures at the place with the â€Å"Hollywood† sign in the background. On the following day of the trip, we took a walk along the Walk of Fame in Hollywood Boulevard. We also manage to visit the Kodak Theater. This is a place where many splendid and grand performances from famous and well-known celebrities such as Celine Deon and Christina Aguilera took place. In addition, this place became the avenue for many television shows and important ceremonials and events for instance, the Cirque Du Soleil Iris, American Idol and The Oscar Academy Awards Ceremonies. We also went to Beverly Hills where many movies were shot such as the famous Beverly Hills Cop movie. On the last day, we went to Universal Studio Hollywood. It was the best theme park I have ever visited in my life.