Cognex (Cognex) Accounts Receivable : $114.2 Mil (As of Dec. 2023)

View and export this data going back to 1989. Start your Free Trial

What is Cognex Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Cognex's accounts receivables for the quarter that ended in Dec. 2023 was $114.2 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Cognex's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 52.97.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Cognex's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-0.08.

Cognex Accounts Receivable Historical Data

The historical data trend for Cognex's Accounts Receivable 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 Accounts Receivable Chart

Cognex Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

Get a 7-Day Free Trial

103.45

125.70

130.35

125.42

114.16

Cognex Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															125.42	144.15	147.86	130.54	114.16

Cognex Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

Cognex Accounts Receivable Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's accounts receivables are being managed.

Cognex's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	114.164	/	196.67	*	91
=	52.97

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Cognex's accounts receivable are only considered to be worth 75% of book value:

Cognex's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is calculated as:

	Net-Net Working Capital Per Share
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(332.047	+	0.75 * 114.164	+	0.5 * 162.285	-	513.06
-	0	-	0)	/	171.599
=	-0.08

Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.

Cognex Accounts Receivable Related Terms

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

Cognex (Cognex) Business Description

Industry

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

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