Gentex (Gentex) Change In Inventory

: $2 Mil (TTM As of Dec. 2023)

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Gentex's change in inventory for the quarter that ended in Dec. 2023 was $-7 Mil. It means Gentex's inventory increased by $7 Mil from Sep. 2023 to Dec. 2023 .

Gentex's change in inventory for the fiscal year that ended in Dec. 2023 was $2 Mil. It means Gentex's inventory declined by $2 Mil from Dec. 2022 to Dec. 2023 .

Gentex's Total Inventories for the quarter that ended in Dec. 2023 was $402 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Gentex's Days Inventory for the quarter that ended in Dec. 2023 was 94.37.

Inventory Turnover measures how fast the company turns over its inventory within a year. Gentex's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.97.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Gentex's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.68.

Gentex Change In Inventory Historical Data

The historical data trend for Gentex's Change In Inventory can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Gentex Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

-23.66

22.73

-89.98

-88.09

2.13

Gentex Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Inventory																13.93	2.59	11.74	-5.43	-6.78

Gentex Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $2 Mil.

Gentex (NAS:GNTX) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Gentex's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	398.963	/	385.763	*	365 / 4
	=	94.37

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Gentex's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	385.763	/	398.963
	=	0.97

3. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Gentex's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	398.963	/	589.132
	=	0.68

Gentex Change In Inventory Related Terms

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Gentex (Gentex) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Gentex Corp (NAS:GNTX) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

GTX:Germany

Address

600 North Centennial Street, Zeeland, MI, USA, 49464

Website

https://www.gentex.com

Gentex was founded in 1974 to produce smoke-detection equipment. The company sold its first glare-control interior mirror in 1982 and its first model using electrochromic technology in 1987. Automotive revenue is about 98% of total revenue. The company is constantly developing new applications for the technology to remain on top. Sales in 2022 totaled about $1.9 billion with 44.2 million mirrors shipped. The unit mix breaks out as 65% interior and 35% exterior, versus about 32% exterior in 2020. The company is based in Zeeland, Michigan.

Executives

Anderson Joseph B Jr	director	MERITOR, INC., 2135 WEST MAPLE ROAD, TROY MI 48084-7186
Kathleen Starkoff	director	4304 SUNBURY ROAD, GALENA OH 43021-9318
Gary F Goode	director	2801 EAST BELTLINE, N.E., GRAND RAPIDS MI 49525
James A Hollars	director	23880 MESSINA COURT, BONITA SPRINGS FL 34134
Richard O Schaum	director	388 WARREN COURT, BIRMINGHAM MI 48009
Neil Boehm	officer: Chief Technology Officer	600 N. CENTENNIAL STREET, ZEELAND MI 49464
Scott P Ryan	officer: General Counsel	7592 KIRKWOOD TRAIL SE, ALTO MI 49302
Steven R Downing	officer: Chief Financial Officer	14814 CREEK EDGE DRIVE, HOLLAND MI 49424
James H Wallace	director	2625 WYNDBEND BLVD, POWELL OH 43065
John A Mulder	director	16680 LYONHURST CIRCLE, NORTHVILLE MI 48167
Ling Zang	director	6291 SHENANDOAH PARK AVE, SALT LAKE CITY UT 84121
Matthew Chiodo	officer: Vice President of Sales	600 N. CENTENNIAL STREET, ZEELAND MI 49464
Kevin C Nash	officer: Chief Accounting Officer	2608 104TH AVENUE, ZEELAND MI 49464
Frederick A Sotok	director
Brian C Walker	director