Cognex Corporation (CGNX)

Return on equity (ROE)

		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
Net income (ttm)	US$ in thousands	113,234	157,316	172,380	173,807	215,525	213,749	258,669	277,366	279,881	295,691	304,297	225,557	176,186	187,168	141,347	191,238	203,865	203,865	203,865	203,865
Total stockholders’ equity	US$ in thousands	1,504,750	1,488,600	1,480,460	1,446,330	1,438,390	1,389,220	1,389,980	1,358,740	1,430,090	1,492,960	1,429,450	1,357,000	1,262,200	1,505,830	1,376,480	1,327,490	1,355,710	1,239,220	1,191,640	1,188,860
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%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $113,234K ÷ $1,504,750K
= 7.53%

The return on equity (ROE) of Cognex Corp. has displayed a decreasing trend over the past eight quarters. The ROE figures have ranged from 7.53% to 20.41%.

The trend indicates that the company's profitability in relation to shareholders' equity has been fluctuating during this period. The ROE peaked at 20.41% in Q1 2022 and has since been on a downward trajectory.

A lower ROE may suggest that the company is less efficient in generating profits from the shareholders' equity investment. It is important for investors to monitor this trend and understand the factors driving the changes in ROE to assess the company's financial performance and potential future outlook.