GNTX (Gentex) Research & Development : $176 Mil (TTM As of Sep. 2024)

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What is Gentex Research & Development?

Research & Development is the aggregate amount of research and development expenses during the year. Gentex's Research & Development for the three months ended in Sep. 2024 was $48 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Sep. 2024 was $176 Mil.

Gentex Research & Development Historical Data

The historical data trend for Gentex's Research & Development 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 Research & Development Chart

Gentex Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Research & Development

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114.69

115.94

117.76

133.31

154.36

Gentex Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Research & Development	Get a 7-Day Free Trial															40.20	41.54	42.18	44.00	48.23

Gentex Research & Development Calculation

This is the expense the company spent on research and development.

Research & Development for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $176 Mil.

Gentex (NAS:GNTX) Research & Development Explanation

If competitive advantage is created by a patent or tech advantage, at some point it will disappear.

High R&D usually dictates high SG&A which threatens the competitive advantage.

Gentex Research & Development Related Terms

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Gentex Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Gentex Corp (NAS:GNTX) » Definitions » Research & Development

Comparable Companies

Traded in Other Exchanges

GTX:Germany 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 2023 totaled about $2.3 billion with 50.6 million mirrors shipped. The unit mix breaks out as 63% interior and 37% exterior, versus 31% exterior in 2019. The company is based in Zeeland, Michigan.

Executives

Gary F Goode	director	2801 EAST BELTLINE, N.E., GRAND RAPIDS MI 49525
Anderson Joseph B Jr	director	MERITOR, INC., 2135 WEST MAPLE ROAD, TROY MI 48084-7186
Richard O Schaum	director	388 WARREN COURT, BIRMINGHAM MI 48009
Kathleen Starkoff	director	4304 SUNBURY ROAD, GALENA OH 43021-9318
James A Hollars	director	23880 MESSINA COURT, BONITA SPRINGS FL 34134
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