Cognex (LTS:0I14) Receivables Turnover : 1.67 (As of Mar. 2024)

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What is Cognex Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Cognex's Revenue for the three months ended in Mar. 2024 was $210.8 Mil. Cognex's average Accounts Receivable for the three months ended in Mar. 2024 was $126.4 Mil. Hence, Cognex's Receivables Turnover for the three months ended in Mar. 2024 was 1.67.

Cognex Receivables Turnover Historical Data

The historical data trend for Cognex's Receivables Turnover 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 Receivables Turnover Chart

Cognex Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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6.52

7.08

8.10

7.87

6.99

Cognex Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															1.49	1.66	1.42	1.61	1.67

Competitive Comparison of Cognex's Receivables Turnover

For the Scientific & Technical Instruments subindustry, Cognex's Receivables Turnover, along with its competitors' market caps and Receivables Turnover 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 Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Cognex's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Cognex's Receivables Turnover falls into.

Cognex Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

Cognex's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	837.547	/ (	(125.417	+	114.164)	/	2 )
=	837.547	/	119.7905
=	6.99

Cognex's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	210.797	/ (	(114.164	+	138.556)	/	2 )
=	210.797	/	126.36
=	1.67

Cognex (LTS:0I14) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

Cognex Receivables Turnover Related Terms

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Cognex (LTS:0I14) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Cognex Corp (LTS:0I14) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

CGNX:USA CGNX:Mexico 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.

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