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Cognex (Cognex) EBIT : $114.7 Mil (TTM As of Mar. 2024)


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What is Cognex EBIT?

Cognex's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $14.2 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $114.7 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Cognex's annualized ROC % for the quarter that ended in Mar. 2024 was 2.43%. Cognex's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 14.88%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Cognex's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 1.57%.


Cognex EBIT Historical Data

The historical data trend for Cognex's EBIT 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 EBIT Chart

Cognex Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 142.60 206.02 315.10 268.67 122.70

Cognex Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 22.16 62.68 27.89 9.98 14.20

Competitive Comparison of Cognex's EBIT

For the Scientific & Technical Instruments subindustry, Cognex's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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's EV-to-EBIT Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Cognex's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Cognex's EV-to-EBIT falls into.



Cognex EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $114.7 Mil.

* 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) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Cognex's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=56.816 * ( 1 - 31.56% )/( (1602.754 + 1596.719)/ 2 )
=38.8848704/1599.7365
=2.43 %

where

Invested Capital(Q: Dec. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=2017.812 - 83.011 - ( 332.047 - max(0, 151.884 - 678.997+332.047))
=1602.754

Invested Capital(Q: Mar. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=2013.233 - 138.321 - ( 278.193 - max(0, 188.102 - 661.53+278.193))
=1596.719

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

Cognex's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=56.816/( ( (180.964 + max(202.288, 0)) + (178.224 + max(202.296, 0)) )/ 2 )
=56.816/( ( 383.252 + 380.52 )/ 2 )
=56.816/381.886
=14.88 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(114.164 + 162.285 + 68.099) - (83.011 + 31.525 + 27.724)
=202.288

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(138.556 + 170.871 + 71.173) - (138.321 + 39.983 + 0)
=202.296

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Cognex's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=114.745/7316.053
=1.57 %

* 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 EBIT Related Terms

Thank you for viewing the detailed overview of Cognex's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


Cognex (Cognex) Business Description

Traded in Other Exchanges
Address
One Vision Drive, Natick, MA, USA, 01760-2059
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.
Executives
Angelos Papadimitriou director 1 VISION DRIVE, NATICK MA 01760
Patrick Alias director
Theodor Krantz director ONE VISION DRIVE, NATICK MA 01760
Joerg Kuechen officer: Chief Technology Officer 1 VISION DRIVE, NATICK MA 01760
Paul Todgham officer: SVP, CFO 1 VISION DRIVE, NATICK MA 01760
Anthony Sun director 2494 SAND HILL RD, MENLO PARK CA 94025
Dianne M Parrotte director 1 VISION DRIVE, NATICK MA 01760
John Tseng-chung Lee director 90 INDUSTRIAL WAY, WILMINGTON MA 01887
Carl Gerst officer: EVP, Vision & ID Products 1 VISION DRIVE, NATICK MA 01760
Marjorie T. Sennett director 950 TOWER LANE, 6TH FLOOR, FOSTER CITY CA 94404
Jerry A. Schneider director ONE VISION DRIVE, NATICK MA 01760
Sachin Lawande director HARMAN INTERNATIONAL, 400 ATLANTIC STREET, SUITE 1500, STAMFORD CT 06901
Eugene G Banucci director
Sheila Marie Dipalma officer: SVP, Employee Services 1 VISION DRIVE, NATICK MA 01760
Robert Willett officer: Executive Vice President C/O COGNEX CORPORATION, ONE VISION DRIVE, NATICK MA 01760-2059

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