Cognex Corporation (CGNX)

Days of sales outstanding (DSO)

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
Receivables turnover 6.26 5.50 5.17 5.91 7.08 6.60 5.94 — 7.87 — — — 7.70 — — — — — — —
DSO days 58.35 66.33 70.63 61.79 51.55 55.28 61.41 — 46.38 — — — 47.38 — — — — — — —

December 31, 2024 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 6.26
= 58.35

The Days Sales Outstanding (DSO) for Cognex Corporation has shown some fluctuations over the periods. As of December 31, 2021, the DSO was 47.38 days, indicating that on average, it takes the company approximately 47 days to collect its accounts receivable.

Subsequently, the DSO decreased to 46.38 days as of December 31, 2022, suggesting an improvement in the company's collection efficiency. However, the metric increased to 61.41 days as of June 30, 2023, which may raise concerns about the company's ability to collect payments in a timely manner.

The DSO decreased to 51.55 days as of December 31, 2023, indicating a partial recovery in collections efficiency. This was followed by a further increase to 61.79 days as of March 31, 2024, suggesting a potential challenge in managing accounts receivable efficiently.

The DSO peaked at 70.63 days as of June 30, 2024, before dropping to 58.35 days as of December 31, 2024. This improvement indicates that the company may have implemented measures to enhance its collection process. Overall, the trend in Cognex Corporation's DSO indicates some variability in its accounts receivable collection efficiency over the analyzed periods.