Gentex (FRA:GTX) ROCE % : 21.83% (As of Mar. 2024)

View and export this data going back to . Start your Free Trial

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 Mar. 2024 was 21.83%.

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.

* Premium members only.

Gentex ROCE % Chart

Gentex Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

25.26

19.00

21.42

18.95

22.14

Gentex Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															21.39	23.29	21.95	22.73	21.83

Gentex ROCE % Calculation

Gentex's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	454.585	/	( ( (2196.905 - 236.522)	+	(2394.689 - 249.065) )	/ 2 )
	=	454.585	/	( (1960.383	+	2145.624)	/ 2 )
	=	454.585	/	2053.0035
	=	22.14 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	475.992	/	( ( (2394.689 - 249.065)	+	(2496.158 - 280.058) )	/ 2 )
	=	475.992	/	( ( 2145.624	+	2216.1 )	/ 2 )
	=	475.992	/	2180.862
	=	21.83 %

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

Gentex (FRA: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

Thank you for viewing the detailed overview of Gentex's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Gentex (FRA:GTX) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

GNTX:USA

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 2022 totaled about $1.9 billion with 44.2 million mirrors shipped. The unit mix breaks out as 65% interior and 35% exterior, versus about 32% exterior in 2020. The company is based in Zeeland, Michigan.