Gentex (STU:GTX) Total Assets : €2,465 Mil (As of Sep. 2024)

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What is Gentex Total Assets?

Gentex's Total Assets for the quarter that ended in Sep. 2024 was €2,465 Mil.

During the past 12 months, Gentex's average Total Assets Growth Rate was 11.20% per year. During the past 3 years, the average Total Assets Growth Rate was 10.70% per year. During the past 5 years, the average Total Assets Growth Rate was 6.80% per year. During the past 10 years, the average Total Assets Growth Rate was 4.10% per year.

During the past 13 years, Gentex's highest 3-Year average Total Assets Growth Rate was 71.40%. The lowest was 0.90%. And the median was 13.80%.

Total Assets is connected with ROA %. Gentex's annualized ROA % for the quarter that ended in Sep. 2024 was 17.64%. Total Assets is also linked to Revenue through Asset Turnover. Gentex's Asset Turnover for the quarter that ended in Sep. 2024 was 0.22.

Gentex Total Assets Historical Data

The historical data trend for Gentex's Total Assets 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 Total Assets Chart

Gentex Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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1,951.92

1,806.71

1,886.28

2,196.91

2,394.69

Gentex Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Assets	Get a 7-Day Free Trial															2,397.15	2,394.69	2,496.16	2,543.87	2,464.50

Gentex Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

Gentex's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	2120.578	+	274.11
	=	2,395

Gentex's Total Assets for the quarter that ended in Sep. 2024 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2024 )	+	Total Liabilities (Q: Sep. 2024 )
	=	2178.282	+	286.221
	=	2,465

Gentex (STU:GTX) Total Assets Explanation

Total Assets is connected with ROA %.

Gentex's annualized ROA % for the quarter that ended in Sep. 2024 is

ROA %	=	Net Income (Q: Sep. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
	=	441.668	/	( (2543.867	+	2464.503)	/ 2 )
	=	441.668	/	2504.185
	=	17.64 %

Note: The Net Income data used here is four times the quarterly (Sep. 2024) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Gentex's Asset Turnover for the quarter that ended in Sep. 2024 is

	Asset Turnover
=	Revenue (Q: Sep. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
=	548.282	/	( (2543.867	+	2464.503)	/ 2 )
=	548.282	/	2504.185
=	0.22

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Gentex Total Assets Related Terms

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Gentex Business Description

Industry

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

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 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.