Gentex Corporation (GNTX)

Return on equity (ROE)

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 stockholders’ equity US$ in thousands 2,467,950 2,417,630 2,400,300 2,376,360 2,312,520 2,268,450 2,195,950 2,123,260 2,065,790 2,034,050 1,986,570 1,928,970 1,937,990 1,887,630 1,916,320 1,960,980 1,963,940 1,895,610 1,822,610 1,834,610
ROE 16.39% 17.94% 17.33% 18.48% 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%

December 31, 2024 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $404,488K ÷ $2,467,950K
= 16.39%

Based on the data provided, Gentex Corporation's return on equity (ROE) fluctuated over the periods mentioned. ROE represents the company's ability to generate profits from the shareholders' equity.

Gentex's ROE has shown a gradual decline from 22.34% in March 2020 to 16.39% in December 2024. Although there were variations in the ROE during this period, the company maintained ROE above 15% for the most part, indicating a relatively healthy performance in utilizing shareholders' equity to generate profits.

It's essential for investors and stakeholders to monitor the trend in ROE as it reflects the company's efficiency in generating returns for its equity holders. Further analysis and comparison with industry averages and peers can provide more insights into Gentex Corporation's financial performance and competitiveness in the market.