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Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Gentex's annualized net income for the quarter that ended in Dec. 2023 was $468 Mil. Gentex's average shareholder tangible equity for the quarter that ended in Dec. 2023 was $1,686 Mil. Therefore, Gentex's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 27.74%.
The historical rank and industry rank for Gentex's Return-on-Tangible-Equity or its related term are showing as below:
During the past 13 years, Gentex's highest Return-on-Tangible-Equity was 37.92%. The lowest was 22.60%. And the median was 29.92%.
The historical data trend for Gentex's Return-on-Tangible-Equity 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.
Gentex Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Return-on-Tangible-Equity | Get a 7-Day Free Trial | 32.40 | 25.43 | 26.42 | 22.60 | 27.14 |
Gentex Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Return-on-Tangible-Equity | Get a 7-Day Free Trial | 26.12 | 27.96 | 25.54 | 27.74 | 25.44 |
For the Auto Parts subindustry, Gentex's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Vehicles & Parts industry and Consumer Cyclical sector, Gentex's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Gentex's Return-on-Tangible-Equity falls into.
Gentex's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2023 is calculated as
Return-on-Tangible-Equity | = | Net Income | / | ( (Total Tangible Equity | + | Total Tangible Equity) | / count ) |
(A: Dec. 2023 ) | (A: Dec. 2022 ) | (A: Dec. 2023 ) | |||||
= | Net Income | / | ( (Total Stockholders Equity - Intangible Assets | + | Total Stockholders Equity - Intangible Assets ) | / count ) | |
(A: Dec. 2023 ) | (A: Dec. 2022 ) | (A: Dec. 2023 ) | |||||
= | 428.403 | / | ( (1465.109 | + | 1691.89 ) | / 2 ) | |
= | 428.403 | / | 1578.4995 | ||||
= | 27.14 % |
Gentex's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 is calculated as
Return-on-Tangible-Equity | = | Net Income | / | ( (Total Tangible Equity | + | Total Tangible Equity) | / count ) |
(Q: Dec. 2023 ) | (Q: Sep. 2023 ) | (Q: Dec. 2023 ) | |||||
= | Net Income | / | ( (Total Stockholders Equity - Intangible Assets | + | Total Stockholders Equity - Intangible Assets) | / count ) | |
(Q: Dec. 2023 ) | (Q: Sep. 2023 ) | (Q: Dec. 2023 ) | |||||
= | 467.776 | / | ( (1680.897 | + | 1691.89) | / 2 ) | |
= | 467.776 | / | 1686.3935 | ||||
= | 27.74 % |
* 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.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Dec. 2023) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.
Gentex (NAS:GNTX) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Thank you for viewing the detailed overview of Gentex's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
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 | |
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