Gentex Corporation (GNTX)

Operating return on assets (Operating ROA)

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Operating income (ttm)	US$ in thousands	459,726	502,732	499,421	511,826	495,731	457,075	421,450	379,952	370,007	363,848	365,221	379,355	409,783	484,238	534,926	428,263	399,556	348,043	337,326	471,969
Total assets	US$ in thousands	2,760,820	2,735,300	2,738,280	2,713,220	2,611,440	2,558,320	2,487,110	2,433,350	2,327,230	2,311,320	2,284,450	2,180,380	2,131,390	2,116,430	2,166,800	2,242,450	2,197,940	2,192,480	2,101,040	2,158,100
Operating ROA		16.65%	18.38%	18.24%	18.86%	18.98%	17.87%	16.95%	15.61%	15.90%	15.74%	15.99%	17.40%	19.23%	22.88%	24.69%	19.10%	18.18%	15.87%	16.06%	21.87%

December 31, 2024 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $459,726K ÷ $2,760,820K
= 16.65%

Operating Return on Assets (ROA) is a key financial ratio that measures a company's ability to generate profits from its operating activities relative to its total assets. Gentex Corporation's Operating ROA has displayed some fluctuations over the past few years, ranging from a high of 24.69% in June 2021 to a low of 15.61% in March 2023.

The trend of Gentex's Operating ROA indicates that the company has generally been able to efficiently utilize its assets to generate operating profits, with peaks and troughs reflecting fluctuations in operational performance and asset efficiency.

Overall, Gentex Corporation's average Operating ROA over the period under consideration appears to be healthy, although it is advisable to continue monitoring this ratio over time to assess the company's ongoing operational efficiency and profitability.