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Cognex (MEX:CGNX) Tax Rate % : 19.05% (As of Sep. 2024)


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What is Cognex Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Cognex's Tax Expense for the three months ended in Sep. 2024 was MXN137 Mil. Cognex's Pre-Tax Income for the three months ended in Sep. 2024 was MXN720 Mil. Therefore, Cognex's Tax Rate % for the quarter that ended in Sep. 2024 was 19.05%.

Cognex Tax Rate % Historical Data

The historical data trend for Cognex's Tax Rate % 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 Tax Rate % Chart

Cognex Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -25.08 5.74 12.24 14.03 16.34

Cognex Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Tax Rate % 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 29.95 21.77 31.56 12.88 19.05

Cognex Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Cognex's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2023 )/Pre-Tax Income (A: Dec. 2023 )
=375.369/2297.431
=16.34 %

Cognex's Tax Rate % for the quarter that ended in Sep. 2024 is calculated as

Tax Rate %=Tax Expense (Q: Sep. 2024 )/Pre-Tax Income (Q: Sep. 2024 )
=137.123/719.779
=19.05 %

* 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 Tax Rate % Related Terms

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Cognex Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Cognex Corp (MEX:CGNX) » Definitions » Tax Rate %
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Traded in Other Exchanges
CGNX:USA 0I14:UK 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 maximum proportion of its sales in the United States and Europe.