GNTX (Gentex) Total Current Assets : $1,046 Mil (As of Sep. 2024)

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What is Gentex Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Gentex's total current assets for the quarter that ended in Sep. 2024 was $1,046 Mil.

Gentex Total Current Assets Historical Data

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

Gentex Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Current Assets

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950.38

979.33

872.98

948.65

997.74

Gentex Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Current Assets	Get a 7-Day Free Trial															1,055.45	997.74	1,072.60	1,083.88	1,045.68

Gentex Total Current Assets Calculation

Total Current Assets are the asset that can be converted to cash or used to pay current liabilities within 12 months.

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

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	240.791	+	321.81	+	402.473	+	32.664
	=	998

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

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	200.102	+	356.338	+	449.311	+	39.933
	=	1,046

Total Current Assets is linked to the Current Ratio, which is the result of dividing total current assets by total current liabilities. It is frequently used as an indicator of a company's liquidity, its ability to meet short-term obligations.

Total Current Assets is also linked to Working Capital, Net working capital is calculated as Total Current Assets minus Total Current Liabilities.

Gentex (NAS:GNTX) Total Current Assets Explanation

In Ben Graham's calculation of liquidation value, inventory is only considered worth half of its book value, and accounts receivable is considered worth 75% of its value. Therefore the liquidation value is lower than calculated from total current assets.

Gentex's Liquidation Value for the quarter that ended in Sep. 2024 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	200.102	-	317.67	+	0.75 * 356.338	+	0.5 * 449.311
=	374

Gentex Total Current Assets Related Terms

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Gentex Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Gentex Corp (NAS:GNTX) » Definitions » Total Current Assets

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