Gentex (STU:GTX) ROCE % : 16.37% (As of Dec. 2024)

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What is Gentex ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Gentex's annualized ROCE % for the quarter that ended in Dec. 2024 was 16.37%.

Gentex ROCE % Historical Data

The historical data trend for Gentex's ROCE % 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 ROCE % Chart

Gentex Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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19.00

21.42

18.95

22.14

19.71

Gentex Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															22.73	21.83	19.07	20.27	16.37

Gentex ROCE % Calculation

Gentex's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	447.504	/	( ( (2394.689 - 249.065)	+	(2636.584 - 241.322) )	/ 2 )
	=	447.504	/	( (2145.624	+	2395.262)	/ 2 )
	=	447.504	/	2270.443
	=	19.71 %

Gentex's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	376.78	/	( ( (2464.503 - 255.132)	+	(2636.584 - 241.322) )	/ 2 )
	=	376.78	/	( ( 2209.371	+	2395.262 )	/ 2 )
	=	376.78	/	2302.3165
	=	16.37 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2024) EBIT data.

Gentex (STU:GTX) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Gentex ROCE % Related Terms

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Gentex Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Gentex Corp (STU:GTX) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

GNTX:USA 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 2024 totaled about $2.3 billion with 47.7 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.