Gentex Corporation (GNTX)
Profitability ratios
Return on sales
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 33.17% | 32.36% | 31.53% | 31.18% | 31.78% | 32.51% | 33.90% | 34.79% | 35.80% | 37.61% | 38.61% | 36.80% | 35.88% | 34.38% | 33.81% | 36.62% | 37.03% | 37.39% | 37.35% | 29.99% |
| Operating profit margin | 21.56% | 20.74% | 19.87% | 18.98% | 19.28% | 19.72% | 20.86% | 22.11% | 23.67% | 26.30% | 27.92% | 24.93% | 23.68% | 21.73% | 21.02% | 25.60% | 26.28% | 26.93% | 27.15% | 21.87% |
| Pretax margin | 21.96% | 21.08% | 20.09% | 19.11% | 19.27% | 19.71% | 20.98% | 22.40% | 24.05% | 26.75% | 28.47% | 25.60% | 24.40% | 22.47% | 21.72% | 26.18% | 26.92% | 27.70% | 27.91% | 22.48% |
| Net profit margin | 18.63% | 18.04% | 17.23% | 16.43% | 16.61% | 17.17% | 18.32% | 19.52% | 20.84% | 22.81% | 24.03% | 21.63% | 20.60% | 18.97% | 18.60% | 22.23% | 22.85% | 23.09% | 23.28% | 18.80% |
Gentex Corp.'s profitability ratios exhibit a stable trend over the quarters analyzed. The gross profit margin fluctuated slightly, ranging from 31.18% to 33.17% during the period. This indicates that the company has been able to maintain a reasonable level of profitability after accounting for the cost of goods sold.
The operating profit margin also remained relatively steady, with values ranging between 18.98% and 21.56%. This suggests that Gentex Corp. has been effective in controlling its operating expenses relative to its revenues, resulting in stable operating profitability.
The pretax margin reflects the company's ability to generate profits before accounting for taxes. It ranged from 19.11% to 21.96%, suggesting that Gentex Corp. has been successful in managing its expenses and other non-operating costs.
Analyzing the net profit margin, which indicates the company's bottom-line profitability after accounting for all expenses, Gentex Corp. maintained a range of 16.18% to 18.36%. This suggests that the company has been able to efficiently manage its overall costs and generate consistent profits for its shareholders.
Overall, Gentex Corp. has demonstrated stable profitability ratios over the quarters analyzed, indicating effective cost management and revenue generation strategies.
Return on investment
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 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% | 22.53% | 23.21% | 23.45% | 23.86% |
| Return on assets (ROA) | 16.40% | 15.54% | 14.70% | 13.51% | 13.70% | 13.71% | 14.04% | 15.36% | 16.93% | 19.84% | 21.25% | 16.57% | 15.81% | 13.86% | 14.21% | 18.99% | 19.58% | 19.91% | 20.11% | 20.52% |
| Return on total capital | 21.44% | 20.15% | 19.19% | 17.89% | 17.91% | 17.89% | 18.38% | 19.67% | 21.14% | 25.65% | 27.91% | 21.84% | 20.34% | 18.36% | 18.51% | 25.73% | 25.21% | 26.19% | 26.38% | 26.99% |
| Return on equity (ROE) | 18.53% | 17.53% | 16.65% | 15.49% | 15.43% | 15.57% | 16.15% | 17.36% | 18.62% | 22.25% | 24.02% | 18.95% | 17.70% | 16.03% | 16.38% | 22.34% | 21.91% | 22.45% | 22.62% | 23.20% |
Gentex Corp.'s profitability ratios demonstrate consistent performance over the past eight quarters.
1. Operating return on assets (Operating ROA) has shown an upward trend, increasing from 15.90% in Q4 2022 to 18.98% in Q4 2023, indicating the company's ability to generate profits from its assets through core operations.
2. Return on assets (ROA) has also improved steadily from 13.49% in Q4 2022 to 16.16% in Q4 2023, reflecting the efficiency of Gentex Corp. in utilizing its assets to generate earnings.
3. Return on total capital has been relatively stable, ranging between 17.89% and 21.44% over the past eight quarters, showcasing the company's ability to generate returns for both debt and equity holders.
4. Return on equity (ROE) has followed a similar pattern, showing an increase from 15.19% in Q4 2022 to 18.25% in Q4 2023, indicating the company's ability to generate profits from shareholders' equity.
Overall, Gentex Corp. has demonstrated strong profitability, with improvements in efficiency and returns on assets, capital, and equity over the quarters analyzed.