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Cognex (Cognex) Net Current Asset Value : $0.97 (As of Dec. 2023)


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What is Cognex Net Current Asset Value?

In calculating the Net Current Asset Value (NCAV), Benjamin Graham means a company's current assets (such as cash, marketable securities, and inventories) minus its total liabilities (including preferred stock, minority interest, and long-term debt).

Cognex's net current asset value per share for the quarter that ended in Dec. 2023 was $0.97.

The historical rank and industry rank for Cognex's Net Current Asset Value or its related term are showing as below:

CGNX' s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 7.51   Med: 32.62   Max: 223.01
Current: 41.69

During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Cognex was 223.01. The lowest was 7.51. And the median was 32.62.

CGNX's Price-to-Net-Current-Asset-Value is ranked worse than
96.11% of 1850 companies
in the Hardware industry
Industry Median: 4.045 vs CGNX: 41.69

Cognex Net Current Asset Value Historical Data

The historical data trend for Cognex's Net Current Asset Value 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 Net Current Asset Value Chart

Cognex Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Current Asset Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.45 0.36 0.38 1.15 0.97

Cognex Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Net Current Asset Value 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 1.15 1.13 1.17 2.01 0.97

Competitive Comparison of Cognex's Net Current Asset Value

For the Scientific & Technical Instruments subindustry, Cognex's Price-to-Net-Current-Asset-Value, along with its competitors' market caps and Price-to-Net-Current-Asset-Value 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 Price-to-Net-Current-Asset-Value Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Cognex's Price-to-Net-Current-Asset-Value distribution charts can be found below:

* The bar in red indicates where Cognex's Price-to-Net-Current-Asset-Value falls into.



Cognex Net Current Asset Value Calculation

Cognex's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Dec. 2023 is calculated as

Net Current Asset Value Per Share(A: Dec. 2023 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(678.997-513.06-0-0)/171.599
=0.97

Cognex's Net Current Asset Value (NCAV) per share for the quarter that ended in Dec. 2023 is calculated as

Net Current Asset Value Per Share(Q: Dec. 2023 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(678.997-513.06-0-0)/171.599
=0.97

* 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) Net Current Asset Value Explanation

Benjamin Graham first discussed net current asset value (NCAV) in the 1934 edition of "Security Analysis", which he coauthored with David Dodd. In the book, (net) current asset value is defined as:" current assets alone, minus all liabilities and claims ahead of the issue."

The common definition of NCAV is: NCAV = current assets – [total liabilities + minority interest + preferred stock]

Net current assets exclude not only the intangible assets but also the fixed and miscellaneous assets. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.

One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham’s strategy produced similar results.

Benjamin Graham looked for companies whose market values were less than two-thirds of their Net-Net Working Capital. They are collected under our Net-Net screener.


Cognex Net Current Asset Value Related Terms

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


Cognex (Cognex) Business Description

Industry
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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