Gentex Good Will vs Inventory Analysis
GNTX Stock | USD 34.55 0.42 1.23% |
Gentex financial indicator trend analysis is much more than just examining Gentex latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Gentex is a good investment. Please check the relationship between Gentex Good Will and its Inventory accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gentex. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. For more information on how to buy Gentex Stock please use our How to Invest in Gentex guide.
Good Will vs Inventory
Good Will vs Inventory Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Gentex Good Will account and Inventory. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Gentex's Good Will and Inventory is 0.58. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Inventory in the same time period over historical financial statements of Gentex, assuming nothing else is changed. The correlation between historical values of Gentex's Good Will and Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Good Will of Gentex are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Good Will i.e., Gentex's Good Will and Inventory go up and down completely randomly.
Correlation Coefficient | 0.58 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Good Will
An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.Inventory
Most indicators from Gentex's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Gentex current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gentex. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. For more information on how to buy Gentex Stock please use our How to Invest in Gentex guide.At this time, Gentex's Selling General Administrative is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to rise to 0.06 in 2024, whereas Tax Provision is likely to drop slightly above 74.7 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 619.7M | 609.8M | 762.6M | 800.8M | Total Revenue | 1.7B | 1.9B | 2.3B | 2.4B |
Gentex fundamental ratios Correlations
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Gentex Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Gentex fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 2.2B | 2.2B | 2.1B | 2.3B | 2.6B | 2.7B | |
Total Current Liabilities | 171.8M | 177.7M | 181.7M | 250.6M | 271.6M | 285.2M | |
Total Stockholder Equity | 1.9B | 2.0B | 1.9B | 2.1B | 2.3B | 2.4B | |
Property Plant And Equipment Net | 498.3M | 468.1M | 464.1M | 550.0M | 652.9M | 685.5M | |
Net Debt | (296.3M) | (423.4M) | (262.3M) | (214.8M) | (222.9M) | (234.0M) | |
Retained Earnings | 1.1B | 1.1B | 1.0B | 1.1B | 1.3B | 1.4B | |
Cash | 296.3M | 423.4M | 262.3M | 214.8M | 226.4M | 242.1M | |
Non Current Assets Total | 1.2B | 1.2B | 1.3B | 1.4B | 1.6B | 1.7B | |
Non Currrent Assets Other | (51.5B) | (39.0B) | (4.8M) | (25.5M) | (1.0) | (1.05) | |
Cash And Short Term Investments | 436.7M | 450.5M | 267.7M | 237.8M | 240.8M | 274.3M | |
Net Receivables | 235.4M | 284.9M | 249.8M | 276.5M | 321.8M | 337.9M | |
Common Stock Shares Outstanding | 253.3M | 243.7M | 236.6M | 231.2M | 229.7M | 290.5M | |
Liabilities And Stockholders Equity | 2.2B | 2.2B | 2.1B | 2.3B | 2.6B | 2.7B | |
Non Current Liabilities Total | 58.9M | 56.3M | 11.7M | 10.9M | 27.3M | 50.8M | |
Inventory | 248.9M | 226.3M | 316.3M | 404.4M | 402.5M | 422.6M | |
Other Current Assets | 29.3M | 17.6M | 39.2M | 30.0M | 32.7M | 31.0M | |
Other Stockholder Equity | 807.9M | 852.8M | 879.4M | 917.5M | 968.2M | 1.0B | |
Total Liab | 230.7M | 234.0M | 193.4M | 261.4M | 298.9M | 313.9M | |
Total Current Assets | 950.4M | 979.3M | 873.0M | 948.7M | 997.7M | 1.0B | |
Other Current Liab | 74.3M | 93.0M | 83.3M | 98.8M | 87.2M | 91.6M | |
Intangible Assets | 272.8M | 276.5M | 272.6M | 312.4M | 280.5M | 294.5M | |
Accounts Payable | 97.6M | 84.8M | 98.3M | 151.7M | 184.4M | 193.6M | |
Property Plant And Equipment Gross | 498.3M | 468.1M | 1.3B | 1.5B | 1.6B | 1.7B | |
Accumulated Other Comprehensive Income | (1.3M) | 6.9M | 1.9M | (14.1M) | (6.6M) | (6.2M) | |
Common Stock Total Equity | 15.1M | 14.6M | 14.2M | 14.1M | 16.2M | 11.4M | |
Short Term Investments | 140.4M | 27.2M | 5.4M | 23.0M | 14.4M | 13.6M | |
Common Stock | 15.1M | 14.6M | 14.2M | 14.1M | 13.9M | 11.5M | |
Property Plant Equipment | 498.3M | 468.1M | 464.1M | 550.0M | 632.5M | 333.1M | |
Net Tangible Assets | 1.9B | 2.0B | 1.4B | 2.1B | 2.4B | 1.8B | |
Retained Earnings Total Equity | 1.1B | 1.1B | 1.0B | 1.1B | 1.3B | 983.3M | |
Capital Surpluse | 807.9M | 852.8M | 879.4M | 917.5M | 1.1B | 710.9M | |
Deferred Long Term Liab | 58.9M | 54.5M | 51.5M | 39.0M | 44.8M | 52.8M | |
Accumulated Depreciation | (728.8M) | (789.1M) | (860.4M) | (928.3M) | (835.5M) | (877.3M) | |
Other Liab | 58.5M | 56.3M | 11.7M | 10.2M | 9.1M | 8.7M |
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Try AI Portfolio ArchitectCheck out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gentex. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. For more information on how to buy Gentex Stock please use our How to Invest in Gentex guide.You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
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Is Gentex's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Gentex. If investors know Gentex will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Gentex listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.122 | Dividend Share 0.48 | Earnings Share 1.91 | Revenue Per Share 10.224 | Quarterly Revenue Growth 0.072 |
The market value of Gentex is measured differently than its book value, which is the value of Gentex that is recorded on the company's balance sheet. Investors also form their own opinion of Gentex's value that differs from its market value or its book value, called intrinsic value, which is Gentex's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Gentex's market value can be influenced by many factors that don't directly affect Gentex's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Gentex's value and its price as these two are different measures arrived at by different means. Investors typically determine if Gentex is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Gentex's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.