Gentex Inventory vs Property Plant And Equipment Gross Analysis

GNTX Stock  USD 30.57  0.31  1.00%   
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 Inventory and its Property Plant And Equipment Gross 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 closely tied 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.

Inventory vs Property Plant And Equipment Gross

Inventory vs Property Plant And Equipment Gross Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Gentex Inventory account and Property Plant And Equipment Gross. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Gentex's Inventory and Property Plant And Equipment Gross is 0.94. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Property Plant And Equipment Gross in the same time period over historical financial statements of Gentex, assuming nothing else is changed. The correlation between historical values of Gentex's Inventory and Property Plant And Equipment Gross is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory of Gentex are associated (or correlated) with its Property Plant And Equipment Gross. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Gross has no effect on the direction of Inventory i.e., Gentex's Inventory and Property Plant And Equipment Gross go up and down completely randomly.

Correlation Coefficient

0.94
Relationship DirectionPositive 
Relationship StrengthVery Strong

Inventory

Property Plant And Equipment Gross

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 closely tied 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 Profit619.7M609.8M762.6M800.8M
Total Revenue1.7B1.9B2.3B2.4B

Gentex fundamental ratios Correlations

0.890.990.95-0.360.990.370.96-0.030.420.930.390.130.770.140.930.660.91-0.230.490.230.790.80.90.650.79
0.890.930.94-0.260.90.110.890.310.150.940.13-0.230.91-0.120.930.370.77-0.470.630.180.570.930.750.820.56
0.990.930.97-0.370.990.30.950.060.360.970.3-0.020.830.020.970.530.9-0.340.60.270.710.840.860.70.75
0.950.940.97-0.290.950.180.930.140.250.960.29-0.090.89-0.060.960.460.84-0.340.660.190.610.90.780.770.63
-0.36-0.26-0.37-0.29-0.44-0.85-0.110.52-0.86-0.25-0.490.01-0.1-0.5-0.25-0.15-0.7-0.180.03-0.39-0.05-0.03-0.080.11-0.48
0.990.90.990.95-0.440.420.93-0.070.470.920.410.10.760.170.920.620.93-0.240.470.280.750.780.870.620.8
0.370.110.30.18-0.850.420.16-0.750.960.120.710.52-0.130.850.10.570.650.51-0.410.210.35-0.120.23-0.280.57
0.960.890.950.93-0.110.930.160.130.20.930.250.130.780.010.920.640.76-0.330.530.160.830.830.940.720.7
-0.030.310.060.140.52-0.07-0.750.13-0.820.26-0.72-0.640.51-0.720.25-0.44-0.28-0.670.53-0.37-0.180.480.020.7-0.33
0.420.150.360.25-0.860.470.960.2-0.820.160.740.46-0.090.750.170.530.70.44-0.30.390.36-0.090.26-0.310.63
0.930.940.970.96-0.250.920.120.930.260.160.11-0.160.89-0.170.990.40.8-0.490.720.230.620.90.820.790.64
0.390.130.30.29-0.490.410.710.25-0.720.740.110.61-0.010.660.120.650.550.69-0.280.050.340.030.2-0.160.33
0.13-0.23-0.02-0.090.010.10.520.13-0.640.46-0.160.61-0.40.73-0.190.820.120.71-0.64-0.210.54-0.280.27-0.370.3
0.770.910.830.89-0.10.76-0.130.780.51-0.090.89-0.01-0.4-0.370.910.160.64-0.50.8-0.030.350.960.580.940.39
0.14-0.120.02-0.06-0.50.170.850.01-0.720.75-0.170.660.73-0.37-0.20.630.320.67-0.72-0.060.35-0.320.13-0.380.37
0.930.930.970.96-0.250.920.10.920.250.170.990.12-0.190.91-0.20.370.8-0.490.760.240.620.880.810.790.64
0.660.370.530.46-0.150.620.570.64-0.440.530.40.650.820.160.630.370.580.4-0.24-0.080.860.280.710.130.64
0.910.770.90.84-0.70.930.650.76-0.280.70.80.550.120.640.320.80.58-0.040.350.30.60.620.690.430.81
-0.23-0.47-0.34-0.34-0.18-0.240.51-0.33-0.670.44-0.490.690.71-0.50.67-0.490.4-0.04-0.68-0.36-0.06-0.48-0.33-0.52-0.1
0.490.630.60.660.030.47-0.410.530.53-0.30.72-0.28-0.640.8-0.720.76-0.240.35-0.680.240.070.710.350.70.17
0.230.180.270.19-0.390.280.210.16-0.370.390.230.05-0.21-0.03-0.060.24-0.080.3-0.360.240.18-0.040.26-0.270.34
0.790.570.710.61-0.050.750.350.83-0.180.360.620.340.540.350.350.620.860.6-0.060.070.180.430.940.320.74
0.80.930.840.9-0.030.78-0.120.830.48-0.090.90.03-0.280.96-0.320.880.280.62-0.480.71-0.040.430.640.920.41
0.90.750.860.78-0.080.870.230.940.020.260.820.20.270.580.130.810.710.69-0.330.350.260.940.640.530.76
0.650.820.70.770.110.62-0.280.720.7-0.310.79-0.16-0.370.94-0.380.790.130.43-0.520.7-0.270.320.920.530.24
0.790.560.750.63-0.480.80.570.7-0.330.630.640.330.30.390.370.640.640.81-0.10.170.340.740.410.760.24
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Gentex Account Relationship Matchups

Gentex fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.2B2.2B2.1B2.3B2.6B2.7B
Total Current Liabilities171.8M177.7M181.7M250.6M271.6M285.2M
Total Stockholder Equity1.9B2.0B1.9B2.1B2.3B2.4B
Property Plant And Equipment Net498.3M468.1M464.1M550.0M652.9M685.5M
Net Debt(296.3M)(423.4M)(262.3M)(214.8M)(222.9M)(234.0M)
Retained Earnings1.1B1.1B1.0B1.1B1.3B1.4B
Cash296.3M423.4M262.3M214.8M226.4M242.1M
Non Current Assets Total1.2B1.2B1.3B1.4B1.6B1.7B
Non Currrent Assets Other(51.5B)(39.0B)(4.8M)(25.5M)(1.0)(1.05)
Cash And Short Term Investments436.7M450.5M267.7M237.8M240.8M274.3M
Net Receivables235.4M284.9M249.8M276.5M321.8M337.9M
Common Stock Shares Outstanding253.3M243.7M236.6M231.2M229.7M290.5M
Liabilities And Stockholders Equity2.2B2.2B2.1B2.3B2.6B2.7B
Non Current Liabilities Total58.9M56.3M11.7M10.9M27.3M50.8M
Inventory248.9M226.3M316.3M404.4M402.5M422.6M
Other Current Assets29.3M17.6M39.2M30.0M32.7M31.0M
Other Stockholder Equity807.9M852.8M879.4M917.5M968.2M1.0B
Total Liab230.7M234.0M193.4M261.4M298.9M313.9M
Total Current Assets950.4M979.3M873.0M948.7M997.7M1.0B
Other Current Liab74.3M89.2M83.1M80.1M84.7M88.9M
Intangible Assets272.8M276.5M272.6M312.4M280.5M294.5M
Accounts Payable97.6M84.8M98.3M151.7M184.4M193.6M
Property Plant And Equipment Gross498.3M468.1M1.3B1.5B1.6B1.7B
Accumulated Other Comprehensive Income(1.3M)6.9M1.9M(14.1M)(6.6M)(6.2M)
Common Stock Total Equity15.1M14.6M14.2M14.1M16.2M11.4M
Short Term Investments140.4M27.2M5.4M23.0M14.4M13.6M
Common Stock15.1M14.6M14.2M14.1M13.9M11.5M
Property Plant Equipment498.3M468.1M464.1M550.0M632.5M333.1M
Net Tangible Assets1.9B2.0B1.4B2.1B2.4B1.8B
Retained Earnings Total Equity1.1B1.1B1.0B1.1B1.3B983.3M
Capital Surpluse807.9M852.8M879.4M917.5M1.1B710.9M
Deferred Long Term Liab58.9M54.5M51.5M39.0M44.8M52.8M
Accumulated Depreciation(728.8M)(789.1M)(860.4M)(928.3M)(835.5M)(877.3M)
Other Liab58.5M56.3M11.7M10.2M9.1M8.7M

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