Cognex Free Cash Flow vs Change To Inventory Analysis

CGNX Stock

USD 40.67 1.47 3.75%

Cognex financial indicator trend analysis is way more than just evaluating Cognex prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cognex is a good investment. Please check the relationship between Cognex Free Cash Flow and its Change To Inventory accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cognex. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

For more information on how to buy Cognex Stock please use our How to Invest in Cognex guide.

Free Cash Flow vs Change To Inventory

Free Cash Flow vs Change To Inventory Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cognex Free Cash Flow account and Change To Inventory. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Cognex's Free Cash Flow and Change To Inventory is -0.53. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Change To Inventory in the same time period over historical financial statements of Cognex, assuming nothing else is changed. The correlation between historical values of Cognex's Free Cash Flow and Change To Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow of Cognex are associated (or correlated) with its Change To Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Inventory has no effect on the direction of Free Cash Flow i.e., Cognex's Free Cash Flow and Change To Inventory go up and down completely randomly.

Correlation Coefficient

-0.53

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Change To Inventory

The increase or decrease in the amount of inventory a company has over a certain period.

Most indicators from Cognex's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cognex current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cognex. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

For more information on how to buy Cognex Stock please use our How to Invest in Cognex guide.At this time, Cognex's Selling General Administrative is fairly stable compared to the past year. Enterprise Value is likely to rise to about 12.9 B in 2024, despite the fact that Discontinued Operations is likely to grow to (218 K).

	2021	2022	2023	2024 (projected)
Gross Profit	759.8M	721.9M	601.2M	631.3M
Total Revenue	1.0B	1.0B	837.5M	879.4M

Gross Profit Total Revenue

Cognex fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Common Stock Total Equity	Short Term Investments	Common Stock	Other Liab	Other Assets
Total Assets		0.68	0.88	0.99	0.91	-0.35	0.48	0.12	0.43	0.89	-0.2	0.5	0.9	0.59	0.88	0.87	0.09	0.97	0.95	0.79	0.64	0.92	0.13	0.8	0.91	0.81
Other Current Liab	0.68		0.51	0.72	0.68	-0.21	0.59	0.41	0.26	0.6	0.02	0.33	0.73	0.58	0.53	0.49	0.14	0.58	0.56	0.58	0.43	0.75	0.33	0.65	0.57	0.58
Total Current Liabilities	0.88	0.51		0.87	0.71	-0.58	0.52	0.34	0.64	0.63	-0.5	0.7	0.93	0.53	0.66	0.76	0.06	0.83	0.81	0.54	0.81	0.87	0.23	0.86	0.75	0.58
Total Stockholder Equity	0.99	0.72	0.87		0.91	-0.41	0.58	0.23	0.5	0.83	-0.24	0.57	0.91	0.68	0.79	0.86	0.06	0.94	0.88	0.78	0.69	0.92	0.26	0.79	0.83	0.72
Property Plant And Equipment Net	0.91	0.68	0.71	0.91		-0.08	0.28	-0.01	0.18	0.91	0.09	0.24	0.79	0.5	0.81	0.96	0.03	0.94	0.84	0.96	0.39	0.89	0.08	0.63	0.82	0.72
Net Debt	-0.35	-0.21	-0.58	-0.41	-0.08		-0.75	-0.76	-0.99	0.11	0.9	-0.98	-0.44	-0.4	-0.02	-0.09	0.09	-0.21	-0.19	0.13	-0.9	-0.37	-0.67	-0.59	-0.13	0.04
Retained Earnings	0.48	0.59	0.52	0.58	0.28	-0.75		0.76	0.75	0.12	-0.63	0.81	0.53	0.75	0.13	0.18	0.19	0.29	0.26	0.1	0.83	0.41	0.64	0.57	0.21	0.1
Accounts Payable	0.12	0.41	0.34	0.23	-0.01	-0.76	0.76		0.74	-0.28	-0.72	0.74	0.32	0.44	-0.24	-0.05	0.16	-0.05	-0.08	-0.13	0.69	0.25	0.69	0.4	-0.13	-0.29
Cash	0.43	0.26	0.64	0.5	0.18	-0.99	0.75	0.74		-0.01	-0.88	0.99	0.51	0.44	0.1	0.19	-0.09	0.31	0.27	-0.02	0.93	0.45	0.66	0.64	0.21	0.03
Non Current Assets Total	0.89	0.6	0.63	0.83	0.91	0.11	0.12	-0.28	-0.01		0.23	0.06	0.72	0.39	0.95	0.84	0.08	0.92	0.93	0.87	0.21	0.79	-0.22	0.56	0.93	0.91
Non Currrent Assets Other	-0.2	0.02	-0.5	-0.24	0.09	0.9	-0.63	-0.72	-0.88	0.23		-0.87	-0.25	-0.32	0.07	0.03	-0.12	-0.06	-0.1	0.26	-0.8	-0.16	-0.41	-0.39	-0.03	0.16
Cash And Short Term Investments	0.5	0.33	0.7	0.57	0.24	-0.98	0.81	0.74	0.99	0.06	-0.87		0.57	0.51	0.16	0.24	-0.03	0.37	0.33	0.03	0.96	0.5	0.66	0.68	0.26	0.09
Net Receivables	0.9	0.73	0.93	0.91	0.79	-0.44	0.53	0.32	0.51	0.72	-0.25	0.57		0.59	0.7	0.78	0.02	0.86	0.82	0.63	0.72	0.94	0.28	0.89	0.77	0.68
Common Stock Shares Outstanding	0.59	0.58	0.53	0.68	0.5	-0.4	0.75	0.44	0.44	0.39	-0.32	0.51	0.59		0.28	0.45	0.08	0.47	0.37	0.4	0.56	0.46	0.34	0.38	0.31	0.26
Non Current Liabilities Total	0.88	0.53	0.66	0.79	0.81	-0.02	0.13	-0.24	0.1	0.95	0.07	0.16	0.7	0.28		0.74	0.18	0.88	0.97	0.73	0.3	0.77	-0.26	0.62	0.99	0.96
Inventory	0.87	0.49	0.76	0.86	0.96	-0.09	0.18	-0.05	0.19	0.84	0.03	0.24	0.78	0.45	0.74		-0.02	0.93	0.8	0.93	0.4	0.85	0.04	0.59	0.75	0.62
Other Current Assets	0.09	0.14	0.06	0.06	0.03	0.09	0.19	0.16	-0.09	0.08	-0.12	-0.03	0.02	0.08	0.18	-0.02		-0.02	0.15	0.0	0.07	-0.06	-0.06	-0.05	0.18	0.1
Other Stockholder Equity	0.97	0.58	0.83	0.94	0.94	-0.21	0.29	-0.05	0.31	0.92	-0.06	0.37	0.86	0.47	0.88	0.93	-0.02		0.94	0.85	0.51	0.91	0.04	0.73	0.9	0.82
Total Liab	0.95	0.56	0.81	0.88	0.84	-0.19	0.26	-0.08	0.27	0.93	-0.1	0.33	0.82	0.37	0.97	0.8	0.15	0.94		0.73	0.47	0.86	-0.13	0.74	0.99	0.91
Property Plant And Equipment Gross	0.79	0.58	0.54	0.78	0.96	0.13	0.1	-0.13	-0.02	0.87	0.26	0.03	0.63	0.4	0.73	0.93	0.0	0.85	0.73		0.17	0.78	-0.02	0.44	0.71	0.62
Total Current Assets	0.64	0.43	0.81	0.69	0.39	-0.9	0.83	0.69	0.93	0.21	-0.8	0.96	0.72	0.56	0.3	0.4	0.07	0.51	0.47	0.17		0.62	0.6	0.8	0.4	0.23
Common Stock Total Equity	0.92	0.75	0.87	0.92	0.89	-0.37	0.41	0.25	0.45	0.79	-0.16	0.5	0.94	0.46	0.77	0.85	-0.06	0.91	0.86	0.78	0.62		0.23	0.88	0.83	0.72
Short Term Investments	0.13	0.33	0.23	0.26	0.08	-0.67	0.64	0.69	0.66	-0.22	-0.41	0.66	0.28	0.34	-0.26	0.04	-0.06	0.04	-0.13	-0.02	0.6	0.23		0.31	-0.17	-0.27
Common Stock	0.8	0.65	0.86	0.79	0.63	-0.59	0.57	0.4	0.64	0.56	-0.39	0.68	0.89	0.38	0.62	0.59	-0.05	0.73	0.74	0.44	0.8	0.88	0.31		0.71	0.62
Other Liab	0.91	0.57	0.75	0.83	0.82	-0.13	0.21	-0.13	0.21	0.93	-0.03	0.26	0.77	0.31	0.99	0.75	0.18	0.9	0.99	0.71	0.4	0.83	-0.17	0.71		0.94
Other Assets	0.81	0.58	0.58	0.72	0.72	0.04	0.1	-0.29	0.03	0.91	0.16	0.09	0.68	0.26	0.96	0.62	0.1	0.82	0.91	0.62	0.23	0.72	-0.27	0.62	0.94

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Cognex Account Relationship Matchups

Cognex fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.9B	1.8B	2.0B	2.0B	2.0B	2.1B
Other Current Liab	72.9M	77.3M	26.7M	35.9M	62.8M	65.9M
Total Current Liabilities	163.1M	132.3M	238.7M	228.1M	151.9M	159.5M
Total Stockholder Equity	1.4B	1.3B	1.4B	1.4B	1.5B	1.6B
Property Plant And Equipment Net	107.0M	101.8M	100.7M	117.4M	181.0M	190.0M
Net Debt	(827.4M)	(242.8M)	(881.8M)	(806.0M)	(124.1M)	(130.3M)
Retained Earnings	753.3M	487.9M	562.9M	528.2M	512.5M	357.8M
Accounts Payable	70.1M	16.3M	44.1M	27.1M	21.5M	22.0M
Cash	845.4M	269.1M	907.4M	854.3M	202.7M	259.9M
Non Current Assets Total	876.9M	1.2B	852.8M	856.0M	1.3B	1.4B
Non Currrent Assets Other	(396.0M)	7.8M	(503.8M)	(377.8M)	7.1M	7.4M
Cash And Short Term Investments	845.4M	372.3M	907.4M	854.3M	332.0M	313.0M
Net Receivables	103.4M	131.3M	134.3M	127.6M	116.6M	122.4M
Common Stock Shares Outstanding	175.3M	176.6M	179.9M	174.9M	173.4M	186.3M
Liabilities And Stockholders Equity	1.9B	1.8B	2.0B	2.0B	2.0B	2.1B
Non Current Liabilities Total	367.2M	406.2M	334.8M	291.6M	361.2M	379.2M
Inventory	60.3M	60.8M	113.1M	122.5M	162.3M	170.4M
Other Current Assets	272.1M	37.2M	68.7M	67.5M	68.1M	63.7M
Other Stockholder Equity	639.4M	807.7M	914.8M	979.2M	1.0B	1.1B
Total Liab	530.2M	538.5M	573.6M	519.7M	513.1M	538.7M
Property Plant And Equipment Gross	107.0M	101.8M	100.7M	117.4M	281.3M	295.4M
Total Current Assets	1.0B	601.7M	1.2B	1.1B	679.0M	442.2M
Accumulated Other Comprehensive Income	(37.3M)	(33.8M)	(47.9M)	(69.3M)	(45.3M)	(43.1M)
Common Stock Total Equity	342K	345K	352K	351K	396.8K	416.6K
Short Term Investments	240.5M	103.2M	137.5M	218.8M	129.4M	172.6M
Common Stock	342K	345K	352K	351K	343K	191.9K
Other Liab	397.4M	388.1M	367.2M	300.7M	345.9M	363.1M
Other Assets	455.4M	860.2M	425.8M	413.9M	476.0M	499.8M
Intangible Assets	39.5M	15.6M	11.9M	12.4M	113.0M	118.6M
Property Plant Equipment	89.4M	79.2M	77.5M	79.7M	91.7M	50.6M
Current Deferred Revenue	14.4M	21.3M	35.7M	40.8M	31.5M	16.0M
Short Term Debt	5.6M	8.1M	15.6M	16.9M	19.2M	17.2M
Good Will	243.4M	244.1M	241.7M	242.6M	393.2M	412.8M
Net Tangible Assets	1.1B	1.0B	1.2B	1.2B	1.4B	912.3M
Retained Earnings Total Equity	753.3M	487.9M	562.9M	528.2M	607.4M	561.2M
Capital Surpluse	639.4M	807.7M	914.8M	979.2M	1.1B	1.2B
Deferred Long Term Liab	332.3M	315.0M	293.8M	250.0M	287.5M	301.8M
Long Term Investments	433.5M	395.1M	583.7M	454.1M	244.2M	364.7M
Non Current Liabilities Other	77.4M	91.3M	91.2M	82.1M	299K	284.1K

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Cognex Free Cash Flow vs Change To Inventory Analysis

Free Cash Flow vs Change To Inventory

Free Cash Flow vs Change To Inventory Correlation Analysis

Correlation Coefficient

Free Cash Flow

Change To Inventory

Cognex fundamental ratios Correlations

Cognex Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Cognex fundamental ratios Accounts

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Additional Tools for Cognex Stock Analysis

COMMON DESTINATIONS

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COMPANY

Total Stockholder Equity	+ 0.99	Total Assets
Cash And Short Term Investments	+ 0.99	Cash
Other Liab	+ 0.99	Non Current Liabilities Total
Other Liab	+ 0.99	Total Liab
Other Stockholder Equity	+ 0.97	Total Assets
Total Liab	+ 0.97	Non Current Liabilities Total

Cash	- 0.99	Net Debt
Cash And Short Term Investments	- 0.98	Net Debt
Total Current Assets	- 0.9	Net Debt
Non Currrent Assets Other	- 0.88	Cash
Cash And Short Term Investments	- 0.87	Non Currrent Assets Other
Total Current Assets	- 0.8	Non Currrent Assets Other