Gentex Corporation (GNTX)

Return on assets (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
Net income (ttm)	US$ in thousands	404,488	433,764	415,940	439,055	428,402	397,626	365,557	328,806	318,757	316,768	320,773	334,875	360,797	419,957	460,389	371,509	347,564	303,772	298,577	409,910
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
ROA		14.65%	15.86%	15.19%	16.18%	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%

December 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $404,488K ÷ $2,760,820K
= 14.65%

Gentex Corporation's return on assets (ROA) has fluctuated over the past few years. From March 31, 2020, to December 31, 2020, the ROA showed a generally positive trend, reaching a peak of 21.25% on June 30, 2021. However, after this peak, the ROA started to decline gradually, dropping to 13.70% by December 31, 2022.

Throughout 2023, the ROA demonstrated slight fluctuations but remained above 13%, with a slight increase to 16.40% by December 31, 2023. However, in the first half of 2024, the ROA decreased to a range between 14.65% and 15.19%, indicating a slight dip in the company's efficiency in generating profits from its assets compared to the previous year.

Overall, Gentex Corporation's ROA has displayed variability, suggesting potential changes in the company's asset utilization and profitability. Further analysis of the company's financial performance and operational strategies may provide insights into the factors influencing these fluctuations in ROA.