Cognex Corporation (CGNX)
Receivables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 915,950 | 880,891 | 832,846 | 834,652 | 825,325 | 872,390 | 892,135 | 923,813 | 1,004,258 | 1,006,206 | 1,082,805 | 1,078,739 | 1,034,795 | 1,014,415 | 983,583 | 884,497 | 810,787 | 756,941 | 685,541 | 715,295 |
| Receivables | US$ in thousands | 146,414 | 160,085 | 161,163 | 141,293 | 116,566 | 132,130 | 150,107 | — | 127,596 | — | — | — | 134,338 | — | — | — | — | — | — | — |
| Receivables turnover | 6.26 | 5.50 | 5.17 | 5.91 | 7.08 | 6.60 | 5.94 | — | 7.87 | — | — | — | 7.70 | — | — | — | — | — | — | — |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $915,950K ÷ $146,414K
= 6.26
The receivables turnover ratio for Cognex Corporation has shown some fluctuations over the years. The ratio was not available for most of the periods, indicating a lack of specific data. However, in the periods where data is provided, we can see a general trend.
From December 31, 2021, the receivables turnover ratio was 7.70, increasing to 7.87 by December 31, 2022. This suggests that the company's efficiency in collecting receivables improved slightly during this period. By March 31, 2023, the ratio decreased to 5.94, showing a dip in the efficiency of receivables collection.
The trend continued with a slight increase to 6.60 by September 30, 2023, and further improvement to 7.08 by December 31, 2023. However, a decrease was seen by March 31, 2024, with a ratio of 5.91, indicating a temporary decline in receivables turnover efficiency.
The ratio then decreased to 5.17 by June 30, 2024, before showing a slight recovery to 5.50 by September 30, 2024. Finally, by December 31, 2024, the ratio improved to 6.26, suggesting a better efficiency in converting receivables into cash at the end of the period.
Overall, the receivables turnover ratio for Cognex Corporation has shown fluctuations, with periods of improvement and temporary declines in receivables collection efficiency. It is important for the company to closely monitor and manage its receivables turnover to ensure a healthy cash flow and overall financial performance.
Peer comparison
Dec 31, 2024