Cognex Corporation (CGNX)
Profitability ratios
Return on sales
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 72.88% | 72.91% | 72.36% | 71.69% | 71.88% | 72.28% | 71.50% | 72.16% | 73.43% | 74.26% | 75.79% | 75.02% | 74.57% | 74.12% | 73.72% | 74.75% | 73.97% | 71.64% | 52.03% | 51.42% |
| Operating profit margin | 15.84% | 19.76% | 20.38% | 19.67% | 24.52% | 24.69% | 27.33% | 29.98% | 30.45% | 31.32% | 33.22% | 25.78% | 21.03% | 17.05% | 11.01% | 18.65% | 19.68% | 19.06% | 13.84% | 13.68% |
| Pretax margin | 16.41% | 20.67% | 21.59% | 20.49% | 24.96% | 24.79% | 27.58% | 30.38% | 30.82% | 32.12% | 34.42% | 27.44% | 23.05% | 19.14% | 13.27% | 21.01% | 22.50% | 29.91% | 21.25% | 21.21% |
| Net profit margin | 13.73% | 18.04% | 19.33% | 18.82% | 21.46% | 21.24% | 23.89% | 25.71% | 27.05% | 29.15% | 30.94% | 25.50% | 21.73% | 24.73% | 20.62% | 26.74% | 28.14% | 27.26% | 19.79% | 19.56% |
Cognex Corp.'s profitability ratios indicate the company's ability to generate profits relative to its revenue.
The gross profit margin has been relatively stable over the quarters, ranging between 71.29% to 72.28%, indicating the company effectively manages its production costs and pricing strategies.
The operating profit margin has shown a decreasing trend from 29.93% in Q1 2022 to 14.65% in Q4 2023. This decline could signal increased operating expenses or lower operating efficiency.
The pretax margin fluctuated between 20.46% to 30.34% over the quarters. The company's pre-tax profits relative to its total revenue appear to have declined in the recent quarters compared to the same quarters in the previous year.
The net profit margin decreased from 25.67% in Q1 2022 to 13.52% in Q4 2023. This points to decreasing profitability after accounting for all expenses and taxes.
Overall, while Cognex Corp. has maintained healthy profitability ratios historically, there seems to be a recent decline in profitability margins, which may warrant further investigation into the reasons behind this trend.
Return on investment
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 6.48% | 8.66% | 9.09% | 9.20% | 12.57% | 13.07% | 15.23% | 16.72% | 15.73% | 15.50% | 16.14% | 11.95% | 9.47% | 6.26% | 3.90% | 7.08% | 7.56% | 10.26% | 10.56% | 10.53% |
| Return on assets (ROA) | 5.61% | 7.91% | 8.63% | 8.80% | 11.01% | 11.25% | 13.31% | 14.34% | 13.97% | 14.43% | 15.03% | 11.82% | 9.78% | 9.08% | 7.31% | 10.14% | 10.81% | 14.66% | 15.10% | 15.06% |
| Return on total capital | 8.69% | 11.58% | 12.27% | 12.56% | 17.12% | 17.88% | 21.29% | 23.80% | 22.03% | 21.28% | 22.86% | 16.80% | 13.51% | 8.57% | 5.49% | 10.05% | 10.52% | 11.51% | 11.97% | 11.99% |
| Return on equity (ROE) | 7.53% | 10.57% | 11.64% | 12.02% | 14.98% | 15.39% | 18.61% | 20.41% | 19.57% | 19.81% | 21.29% | 16.62% | 13.96% | 12.43% | 10.27% | 14.41% | 15.04% | 16.45% | 17.11% | 17.15% |
Cognex Corp.'s profitability ratios show a fluctuating trend over the past eight quarters.
1. Operating return on assets (Operating ROA) ranges from 6.08% to 16.72% during the period under review, with a decreasing trend from Q1 2022 to Q4 2023. This ratio indicates the company's ability to generate operating profits from its assets.
2. Return on assets (ROA) also fluctuates between 5.61% and 14.34%, showing a similar declining trend from Q1 2022 to Q4 2023. ROA reflects the efficiency of the company in utilizing its assets to generate profits.
3. Return on total capital varies from 8.15% to 23.80%, displaying a decreasing trend from Q1 2022 to Q4 2023. This ratio assesses the company's ability to generate profits from its total capital employed.
4. Return on equity (ROE) ranges from 7.53% to 20.41%, with a declining trend from Q1 2022 to Q4 2023. ROE measures the return generated on shareholders' equity investment.
Overall, the declining trend in these profitability ratios indicates a potential decrease in the company's profitability or efficiency in generating returns for both shareholders and stakeholders. Further analysis and insight into the company's operational and financial performance are necessary to understand the underlying reasons for these trends and to make informed decisions.