Cognex Corporation (CGNX)
Return on total capital
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 115,065 | 96,954 | 96,027 | 122,745 | 130,702 | 172,310 | 181,696 | 181,662 | 246,229 | 248,412 | 295,936 | 323,376 | 315,101 | 317,666 | 326,754 | 228,031 | 170,529 | 129,051 | 75,508 | 133,406 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,517,500 | 1,567,030 | 1,506,730 | 1,489,190 | 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 |
| Return on total capital | 7.58% | 6.19% | 6.37% | 8.24% | 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% |
December 31, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $115,065K ÷ ($—K + $1,517,500K)
= 7.58%
Cognex Corporation's return on total capital has shown fluctuations over the reported periods. The return on total capital stood at 10.05% as of March 31, 2020, showing a downward trend to 5.49% as of June 30, 2020. However, there was a noticeable increase to 13.51% by December 31, 2020. The trend continued positively, reaching a peak at 23.80% by March 31, 2022. Subsequently, there was a decline in the return on total capital to 6.19% by September 30, 2024, before showing a slight improvement to 7.58% by December 31, 2024.
It's essential to note the variability in the return on total capital throughout the time frame, indicating changes in the company's ability to generate returns relative to its total capital employed. These fluctuations may reflect shifts in the company's profitability, efficiency, and capital management strategies. Further analysis would be needed to understand the factors influencing these changes and their implications for Cognex Corporation's overall financial performance.
Peer comparison
Dec 31, 2024