Cognex Corporation (CGNX)

Number of days of payables

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
Payables turnover 17.81 21.69 27.37 21.83 26.97 44.40 39.05 38.29 38.76 27.19 31.15 13.89 13.36 16.28 12.31 19.07 23.61 23.47 27.32 28.62
Number of days of payables days 20.50 16.83 13.33 16.72 13.53 8.22 9.35 9.53 9.42 13.42 11.72 26.27 27.32 22.41 29.64 19.14 15.46 15.55 13.36 12.75

December 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 17.81
= 20.50

The number of days of payables for Cognex Corporation has shown some fluctuations over the years. It ranged from a low of 9.35 days on June 30, 2023, to a high of 29.64 days on June 30, 2021. The trend indicates that the company's payables have been managed more efficiently in recent periods, with a gradual decrease in the number of days of payables. As of December 31, 2024, the number of days of payables is at 20.50 days, reflecting a moderate increase compared to the previous period.

Overall, a lower number of days of payables suggests that Cognex Corporation is taking less time to pay its suppliers, which can be an indication of strong liquidity and good relationships with vendors. However, it is essential for the company to strike a balance between managing payables efficiently and maintaining good supplier relationships to sustain its financial health.