Cognex (Cognex) Intangible Assets

: $506.1 Mil (As of Dec. 2023)

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Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Cognex's intangible assets for the quarter that ended in Dec. 2023 was $506.1 Mil.

Cognex Intangible Assets Historical Data

The historical data trend for Cognex's Intangible Assets 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.

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Cognex Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Intangible Assets

282.94

259.63

253.60

255.04

506.13

Cognex Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Intangible Assets																255.04	253.51	252.31	251.03	506.13

Cognex Intangible Assets Calculation

Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Examples of intangible assets include trade secrets, copyrights, patents, trademarks. If a company acquires assets at the prices above the book value, it may carry goodwill on its balance sheet. Goodwill reflects the difference between the price the company paid and the book value of the assets.

Cognex (NAS:CGNX) Intangible Assets Explanation

If a company (company A) received a patent through their own work, though it has value, it does not show up on its balance sheet as an intangible asset. However, if company A sells this patent to company B, it will show up on company B's balance sheet as an intangible asset.

The same applies to brand names, trade secrets etc. For instance, Coca-Cola's brand is extremely valuable, but the brand does not appear on its balance sheet, because the brand was never acquired.

Some intangibles are amortized. Amortization is the depreciation of intangible assets.

Many intangibles are not amortized. They may still be written down when the company decides the asset is impaired.

Whenever you see an increase in goodwill over a number of years, you can assume it's because the company is out buying other businesses above book value. GOOD if buying businesses with durable competitive advantage.

If goodwill stays the same, the company when acquiring other companies is either paying less than book value or not acquiring. Businesses with moats never sell for less than book value.

Intangibles acquired are on balance sheet at fair value.

Internally developed brand names (Coke, Wrigleys, Band-Aid) however are not reflected on the balance sheet.

One of the reasons competitive advantage power can remain hidden for so long.

Be Aware

Companies may change the way intangible assets are amortized, and this will affect their reported earnings.

Cognex Intangible Assets Related Terms

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Cognex (Cognex) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Cognex Corp (NAS:CGNX) » Definitions » Intangible Assets

Comparable Companies

Traded in Other Exchanges

CGNX:Mexico CGZ:Germany CGZ:Germany

Address

One Vision Drive, Natick, MA, USA, 01760-2059

Website

https://www.cognex.com

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