Gentex Operating Income vs Total Operating Expenses Analysis

GNTX Stock

USD 34.71 0.06 0.17%

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 Operating Income and its Total Operating Expenses 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.

Operating Income vs Total Operating Expenses

Operating Income vs Total Operating Expenses Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Gentex Operating Income account and Total Operating Expenses. At this time, the significance of the direction appears to have strong relationship.

The correlation between Gentex's Operating Income and Total Operating Expenses is 0.64. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Total Operating Expenses in the same time period over historical financial statements of Gentex, assuming nothing else is changed. The correlation between historical values of Gentex's Operating Income and Total Operating Expenses is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Income of Gentex are associated (or correlated) with its Total Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Operating Expenses has no effect on the direction of Operating Income i.e., Gentex's Operating Income and Total Operating Expenses go up and down completely randomly.

Correlation Coefficient

0.64

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Operating Income

Operating Income is the amount of profit realized from Gentex operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Gentex is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Total Operating Expenses

The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.

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

Gross Profit Total Revenue

Gentex fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Long Term Debt Total	Other Current Liab	Short Term Debt	Intangible Assets	Accounts Payable	Good Will	Property Plant And Equipment Gross	Common Stock Total Equity
Total Assets		0.89	0.99	0.95	-0.36	0.99	0.37	0.96	-0.03	0.42	0.93	0.39	0.13	0.77	0.14	0.93	0.66	0.91	-0.24	0.49	0.65	0.79	0.8	0.9	0.65	0.79
Total Current Liabilities	0.89		0.93	0.94	-0.26	0.9	0.11	0.89	0.31	0.15	0.94	0.13	-0.23	0.91	-0.12	0.93	0.37	0.77	-0.47	0.65	0.84	0.57	0.93	0.75	0.82	0.56
Total Stockholder Equity	0.99	0.93		0.97	-0.37	0.99	0.3	0.95	0.06	0.36	0.97	0.3	-0.02	0.83	0.02	0.97	0.53	0.9	-0.35	0.6	0.75	0.71	0.84	0.86	0.7	0.75
Property Plant And Equipment Net	0.95	0.94	0.97		-0.29	0.95	0.18	0.93	0.14	0.25	0.96	0.29	-0.09	0.89	-0.06	0.96	0.46	0.84	-0.35	0.66	0.76	0.61	0.9	0.78	0.77	0.63
Net Debt	-0.36	-0.26	-0.37	-0.29		-0.44	-0.85	-0.11	0.52	-0.86	-0.25	-0.49	0.01	-0.1	-0.5	-0.25	-0.15	-0.7	-0.17	0.05	-0.1	-0.05	-0.03	-0.08	0.11	-0.48
Retained Earnings	0.99	0.9	0.99	0.95	-0.44		0.42	0.93	-0.07	0.47	0.92	0.41	0.1	0.76	0.17	0.92	0.62	0.93	-0.24	0.47	0.66	0.75	0.78	0.87	0.62	0.8
Cash	0.37	0.11	0.3	0.18	-0.85	0.42		0.16	-0.75	0.96	0.12	0.71	0.52	-0.13	0.85	0.1	0.57	0.65	0.51	-0.41	-0.22	0.35	-0.12	0.23	-0.28	0.57
Non Current Assets Total	0.96	0.89	0.95	0.93	-0.11	0.93	0.16		0.13	0.2	0.93	0.25	0.13	0.78	0.01	0.92	0.64	0.76	-0.33	0.54	0.69	0.83	0.83	0.94	0.72	0.7
Non Currrent Assets Other	-0.03	0.31	0.06	0.14	0.52	-0.07	-0.75	0.13		-0.82	0.26	-0.72	-0.64	0.51	-0.72	0.25	-0.44	-0.28	-0.66	0.56	0.48	-0.18	0.48	0.02	0.7	-0.33
Cash And Short Term Investments	0.42	0.15	0.36	0.25	-0.86	0.47	0.96	0.2	-0.82		0.16	0.74	0.46	-0.09	0.75	0.17	0.53	0.7	0.43	-0.32	-0.12	0.36	-0.09	0.26	-0.31	0.63
Net Receivables	0.93	0.94	0.97	0.96	-0.25	0.92	0.12	0.93	0.26	0.16		0.11	-0.16	0.89	-0.17	0.99	0.4	0.8	-0.5	0.73	0.83	0.62	0.9	0.82	0.79	0.64
Common Stock Shares Outstanding	0.39	0.13	0.3	0.29	-0.49	0.41	0.71	0.25	-0.72	0.74	0.11		0.61	-0.01	0.66	0.12	0.65	0.55	0.69	-0.3	-0.24	0.34	0.03	0.2	-0.16	0.33
Non Current Liabilities Total	0.13	-0.23	-0.02	-0.09	0.01	0.1	0.52	0.13	-0.64	0.46	-0.16	0.61		-0.4	0.73	-0.19	0.82	0.12	0.71	-0.64	-0.59	0.54	-0.28	0.27	-0.37	0.3
Inventory	0.77	0.91	0.83	0.89	-0.1	0.76	-0.13	0.78	0.51	-0.09	0.89	-0.01	-0.4		-0.37	0.91	0.16	0.64	-0.5	0.82	0.81	0.35	0.96	0.58	0.94	0.39
Other Current Assets	0.14	-0.12	0.02	-0.06	-0.5	0.17	0.85	0.01	-0.72	0.75	-0.17	0.66	0.73	-0.37		-0.2	0.63	0.32	0.66	-0.72	-0.5	0.35	-0.32	0.13	-0.38	0.37
Other Stockholder Equity	0.93	0.93	0.97	0.96	-0.25	0.92	0.1	0.92	0.25	0.17	0.99	0.12	-0.19	0.91	-0.2		0.37	0.8	-0.49	0.76	0.84	0.62	0.88	0.81	0.79	0.64
Total Liab	0.66	0.37	0.53	0.46	-0.15	0.62	0.57	0.64	-0.44	0.53	0.4	0.65	0.82	0.16	0.63	0.37		0.58	0.4	-0.23	-0.07	0.86	0.28	0.71	0.13	0.64
Total Current Assets	0.91	0.77	0.9	0.84	-0.7	0.93	0.65	0.76	-0.28	0.7	0.8	0.55	0.12	0.64	0.32	0.8	0.58		-0.05	0.35	0.5	0.6	0.62	0.69	0.43	0.81
Short Long Term Debt Total	-0.24	-0.47	-0.35	-0.35	-0.17	-0.24	0.51	-0.33	-0.66	0.43	-0.5	0.69	0.71	-0.5	0.66	-0.49	0.4	-0.05		-0.68	-0.81	-0.07	-0.48	-0.33	-0.52	-0.11
Other Current Liab	0.49	0.65	0.6	0.66	0.05	0.47	-0.41	0.54	0.56	-0.32	0.73	-0.3	-0.64	0.82	-0.72	0.76	-0.23	0.35	-0.68		0.83	0.09	0.72	0.36	0.73	0.17
Short Term Debt	0.65	0.84	0.75	0.76	-0.1	0.66	-0.22	0.69	0.48	-0.12	0.83	-0.24	-0.59	0.81	-0.5	0.84	-0.07	0.5	-0.81	0.83		0.33	0.78	0.59	0.72	0.37
Intangible Assets	0.79	0.57	0.71	0.61	-0.05	0.75	0.35	0.83	-0.18	0.36	0.62	0.34	0.54	0.35	0.35	0.62	0.86	0.6	-0.07	0.09	0.33		0.43	0.94	0.32	0.74
Accounts Payable	0.8	0.93	0.84	0.9	-0.03	0.78	-0.12	0.83	0.48	-0.09	0.9	0.03	-0.28	0.96	-0.32	0.88	0.28	0.62	-0.48	0.72	0.78	0.43		0.64	0.92	0.41
Good Will	0.9	0.75	0.86	0.78	-0.08	0.87	0.23	0.94	0.02	0.26	0.82	0.2	0.27	0.58	0.13	0.81	0.71	0.69	-0.33	0.36	0.59	0.94	0.64		0.53	0.76
Property Plant And Equipment Gross	0.65	0.82	0.7	0.77	0.11	0.62	-0.28	0.72	0.7	-0.31	0.79	-0.16	-0.37	0.94	-0.38	0.79	0.13	0.43	-0.52	0.73	0.72	0.32	0.92	0.53		0.24
Common Stock Total Equity	0.79	0.56	0.75	0.63	-0.48	0.8	0.57	0.7	-0.33	0.63	0.64	0.33	0.3	0.39	0.37	0.64	0.64	0.81	-0.11	0.17	0.37	0.74	0.41	0.76	0.24

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Gentex Account Relationship Matchups

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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When determining whether Gentex offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Gentex's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Gentex Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Gentex Stock:

How To Invest In Gentex

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Is Gentex Stock a good investment?

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What is Gentex's Net Worth?

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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.

You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.

Complementary Tools for Gentex Stock analysis

When running Gentex's price analysis, check to measure Gentex's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Gentex is operating at the current time. Most of Gentex's value examination focuses on studying past and present price action to predict the probability of Gentex's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gentex's price. Additionally, you may evaluate how the addition of Gentex to your portfolios can decrease your overall portfolio volatility.

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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

0.352

Dividend Share

0.48

Earnings Share

1.84

Revenue Per Share

10.022

Quarterly Revenue Growth

0.193

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.

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Gentex Operating Income vs Total Operating Expenses Analysis

Operating Income vs Total Operating Expenses

Operating Income vs Total Operating Expenses Correlation Analysis

Correlation Coefficient

Operating Income

Total Operating Expenses

Gentex fundamental ratios Correlations

Gentex Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Gentex fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

Complementary Tools for Gentex Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 0.99	Total Assets
Retained Earnings	+ 0.99	Total Assets
Retained Earnings	+ 0.99	Total Stockholder Equity
Other Stockholder Equity	+ 0.99	Net Receivables
Property Plant And Equipment Net	+ 0.97	Total Stockholder Equity
Net Receivables	+ 0.97	Total Stockholder Equity

Cash And Short Term Investments	- 0.86	Net Debt
Cash	- 0.85	Net Debt
Cash And Short Term Investments	- 0.82	Non Currrent Assets Other
Short Term Debt	- 0.81	Short Long Term Debt Total
Non Currrent Assets Other	- 0.75	Cash
Other Current Liab	- 0.72	Other Current Assets