Days Inventory is also known as Days Sales of Inventory (DSI). Cognex's Average Total Inventories for the
three
months ended in Dec. 2023 was $148.1 Mil. Cognex's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $61.6 Mil.
Hence, Cognex's Days Inventory for the
three
months ended in Dec. 2023 was 219.26.
The historical rank and industry rank for Cognex's Days Inventory or its related term are showing as below:
CGNX'
s Days Inventory Range Over the Past 10 Years
Min: 89.56 Med: 116.45 Max: 219.93
Current: 207.6
During the past 13 years, Cognex's highest Days Inventory was 219.93. The lowest was 89.56. And the median was 116.45.
CGNX's Days Inventory is ranked worse than 81.19% of 2403
companies
in the Hardware industry
Industry Median: 104.02
vs CGNX: 207.60
Cognex's Days Inventory
increased
from Dec. 2022 (150.87) to Dec. 2023 (219.26).
It might indicate that Cognex's sales slowed down.
Warning Sign:
If a company builds up inventory, it may mean it is having difficulties selling its goods.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Cognex's Inventory Turnover for the
three
months ended in Dec. 2023 was 0.42.
Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
Cognex's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.75.
Cognex Days Inventory Historical Data
The historical data trend for Cognex's Days Inventory can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
* Premium members only.
Cognex Annual Data
Trend
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
Days Inventory
138.06
107.06
114.48
151.29
219.93
Cognex Quarterly Data
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
Days Inventory
150.87
198.47
183.99
217.87
219.26
Competitive Comparison
For the Scientific & Technical Instruments subindustry, Cognex's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Cognex Days Inventory Distribution
For the Hardware industry and Technology sector, Cognex's Days Inventory distribution charts can be found below:
* The bar in red indicates where Cognex's Days Inventory falls into.
Cognex Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Cognex's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Cognex (NAS:CGNX) Days Inventory Explanation
Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:
1. Inventory Turnover measures how fast the company turns over its inventory within a year.
Cognex's Inventory Turnover for the
three
months ended in Dec. 2023 is calculated as
2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
Cognex's Inventory to Revenue for the
three
months ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Be Aware
A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.
Cognex Days Inventory Related Terms
Thank you for viewing the detailed overview of Cognex's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Cognex Corp provides machine vision products that help automate manufacturing processes. The firm's products include vision software, vision systems, vision sensors, and ID products. Vision software combines vision tools with a customer's own cameras and peripheral equipment and can help with several vision tasks, including part location, identification, measurement, and robotic guidance. Vision systems combine a camera, processor, and vision software into a single package. Vision sensors deliver simple, low-cost solutions for common vision applications, such as checking the size of parts. ID products read codes that have been applied to items during the manufacturing process. Cognex generates the largest proportion of its sales in the United States and Europe.
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