Cognex Corporation (CGNX)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 106,171 | 113,234 | 215,525 | 279,881 | 176,186 |
| Total assets | US$ in thousands | 1,992,850 | 2,017,810 | 1,958,140 | 2,003,660 | 1,800,700 |
| ROA | 5.33% | 5.61% | 11.01% | 13.97% | 9.78% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $106,171K ÷ $1,992,850K
= 5.33%
The return on assets (ROA) for Cognex Corporation has fluctuated over the years based on the provided data.
- As of December 31, 2020, the ROA stood at 9.78%, indicating that the company generated a profit of 9.78 cents for each dollar of assets it holds.
- By December 31, 2021, the ROA saw an increase to 13.97%, suggesting an improvement in the company's ability to generate profits from its assets.
- However, by the end of December 31, 2022, the ROA dipped to 11.01%, although it remained relatively strong compared to the previous year.
- The subsequent years saw a decline in ROA, with the metric dropping to 5.61% as of December 31, 2023, and further decreasing to 5.33% by December 31, 2024.
Overall, the trend indicates some variability in Cognex Corporation's efficiency in utilizing its assets to generate profits. It would be advisable to further investigate the reasons behind the fluctuations in ROA to identify any underlying factors impacting the company's profitability and asset management strategies.
Peer comparison
Dec 31, 2024