Cognex Corporation (CGNX)

Total asset 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
Total assets US$ in thousands 1,992,850 2,063,250 2,004,080 2,013,230 2,017,810 1,989,900 1,998,110 1,974,070 1,958,140 1,900,240 1,943,080 1,934,120 2,003,660 2,048,800 2,024,920 1,908,960 1,800,700 2,060,520 1,934,860 1,885,080
Total asset turnover 0.46 0.43 0.42 0.41 0.41 0.44 0.45 0.47 0.51 0.53 0.56 0.56 0.52 0.50 0.49 0.46 0.45 0.37 0.35 0.38

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $915,950K ÷ $1,992,850K
= 0.46

The total asset turnover ratio of Cognex Corporation shows a fluctuating trend over the analyzed period. It started at 0.38 in March 2020 and decreased to 0.35 by June 2020. Subsequently, the ratio improved to 0.56 by June 2022. However, it saw a slight decline to 0.41 in March 2024. Overall, the company has maintained a relatively stable performance in terms of efficiently utilizing its assets to generate revenue, with the ratio ranging between 0.35 and 0.56 during the period under review.