Cognex (Cognex) Sloan Ratio %

Cognex Annual Data
	Trend	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Sloan Ratio %							5.72	-13.09	10.90	-1.20	-1.58

Cognex Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Sloan Ratio %																-1.20	1.61	1.69	-4.63	-1.58

For the Scientific & Technical Instruments subindustry, Cognex's Sloan Ratio %, along with its competitors' market caps and Sloan Ratio % 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.

For the Hardware industry and Technology sector, Cognex's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Cognex's Sloan Ratio % falls into.

Cognex Sloan Ratio % Calculation

Earnings contain a lot of non cash earnings which is called accruals. The Sloan ratio is a way to identify firms with low non-cash or accrual-derived earnings relative to their cash flow.

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

Cognex's Sloan Ratio for the quarter that ended in Dec. 2023 is calculated as

Cognex's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was 25.615 (Mar. 2023 ) + 57.474 (Jun. 2023 ) + 18.916 (Sep. 2023 ) + 11.229 (Dec. 2023 ) = $113.2 Mil.
Cognex's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was 27.553 (Mar. 2023 ) + 29.849 (Jun. 2023 ) + 41.023 (Sep. 2023 ) + 14.491 (Dec. 2023 ) = $112.9 Mil.
Cognex's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was -5.788 (Mar. 2023 ) + 17.282 (Jun. 2023 ) + 200.274 (Sep. 2023 ) + -179.495 (Dec. 2023 ) = $32.3 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) Sloan Ratio % Explanation

A former University of Michigan researcher, Richard Sloan's 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones. In fact, for the 40-year period between 1962 and 2001, buying the lowest accrual companies and shorting the highest accrual companies resulted in an average annual compounded return of 18%, more than double the S&P 500's 7.4% annual return over the same period.

According to How to Beat the Market with the Sloan Ratio:

If the Sloan Ratio is between -10% and 10%, the company is in the safe zone and there is no funny business with accruals.

If the Sloan Ratio is less than between -25% and -10% on the negative side, and between 10% and 25% on the positive side, this is a warning stage of accrual build up.

If the Sloan Ratio is less than -25% or greater than 25%, and this ratio is consistent over several quarters or even years, be careful. Earnings are highly likely to be made up of accruals.

As of Dec. 2023, Cognex has a Sloan Ratio of -1.58%, indicating the company is in the safe zone and there is no funny business with accruals.

Cognex Sloan Ratio % Related Terms

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Cognex (Cognex) Business Description