Cognex Corporation (CGNX)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 915,950 | 825,325 | 1,004,230 | 1,034,800 | 812,977 |
| Total assets | US$ in thousands | 1,992,850 | 2,017,810 | 1,958,140 | 2,003,660 | 1,800,700 |
| Total asset turnover | 0.46 | 0.41 | 0.51 | 0.52 | 0.45 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $915,950K ÷ $1,992,850K
= 0.46
Total asset turnover measures the efficiency of a company in generating sales revenue from its total assets. For Cognex Corporation, the total asset turnover ratio has shown some fluctuations over the past five years. In December 2020, the total asset turnover was at 0.45, indicating that the company generated $0.45 in sales for every dollar of assets. This ratio improved slightly in the following years, reaching 0.52 in December 2021 and maintaining at 0.51 in December 2022.
However, there was a decline in total asset turnover in December 2023, dropping to 0.41, suggesting a decrease in sales generated per dollar of assets. The ratio then recovered slightly in December 2024, rising to 0.46. Overall, the trend in total asset turnover for Cognex Corporation shows some variability, with the company experiencing fluctuations in its efficiency in utilizing its assets to generate sales revenue. It would be worth further investigation to understand the factors driving these fluctuations and evaluate the company's asset management strategies.
Peer comparison
Dec 31, 2024