Cognex Property Plant Equipment vs Long Term Investments 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 Property Plant Equipment and its Long Term Investments 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.

Property Plant Equipment vs Long Term Investments

Property Plant Equipment vs Long Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cognex Property Plant Equipment account and Long Term Investments. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Cognex's Property Plant Equipment and Long Term Investments is 0.46. Overlapping area represents the amount of variation of Property Plant Equipment that can explain the historical movement of Long Term Investments in the same time period over historical financial statements of Cognex, assuming nothing else is changed. The correlation between historical values of Cognex's Property Plant Equipment and Long Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant Equipment of Cognex are associated (or correlated) with its Long Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Investments has no effect on the direction of Property Plant Equipment i.e., Cognex's Property Plant Equipment and Long Term Investments go up and down completely randomly.

Correlation Coefficient

0.46
Relationship DirectionPositive 
Relationship StrengthWeak

Property Plant Equipment

Long Term Investments

Long Term Investments is an item on the asset side of Cognex balance sheet that represents investments Cognex intends to hold for over a year. Cognex long term investments may include different instruments such as stocks, bonds, real estate and cash.
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 Profit759.8M721.9M601.2M631.3M
Total Revenue1.0B1.0B837.5M879.4M

Cognex fundamental ratios Correlations

0.680.880.990.91-0.350.480.120.430.89-0.20.50.90.590.880.870.090.970.950.790.640.920.130.80.910.81
0.680.510.720.68-0.210.590.410.260.60.020.330.730.580.530.490.140.580.560.580.430.750.330.650.570.58
0.880.510.870.71-0.580.520.340.640.63-0.50.70.930.530.660.760.060.830.810.540.810.870.230.860.750.58
0.990.720.870.91-0.410.580.230.50.83-0.240.570.910.680.790.860.060.940.880.780.690.920.260.790.830.72
0.910.680.710.91-0.080.28-0.010.180.910.090.240.790.50.810.960.030.940.840.960.390.890.080.630.820.72
-0.35-0.21-0.58-0.41-0.08-0.75-0.76-0.990.110.9-0.98-0.44-0.4-0.02-0.090.09-0.21-0.190.13-0.9-0.37-0.67-0.59-0.130.04
0.480.590.520.580.28-0.750.760.750.12-0.630.810.530.750.130.180.190.290.260.10.830.410.640.570.210.1
0.120.410.340.23-0.01-0.760.760.74-0.28-0.720.740.320.44-0.24-0.050.16-0.05-0.08-0.130.690.250.690.4-0.13-0.29
0.430.260.640.50.18-0.990.750.74-0.01-0.880.990.510.440.10.19-0.090.310.27-0.020.930.450.660.640.210.03
0.890.60.630.830.910.110.12-0.28-0.010.230.060.720.390.950.840.080.920.930.870.210.79-0.220.560.930.91
-0.20.02-0.5-0.240.090.9-0.63-0.72-0.880.23-0.87-0.25-0.320.070.03-0.12-0.06-0.10.26-0.8-0.16-0.41-0.39-0.030.16
0.50.330.70.570.24-0.980.810.740.990.06-0.870.570.510.160.24-0.030.370.330.030.960.50.660.680.260.09
0.90.730.930.910.79-0.440.530.320.510.72-0.250.570.590.70.780.020.860.820.630.720.940.280.890.770.68
0.590.580.530.680.5-0.40.750.440.440.39-0.320.510.590.280.450.080.470.370.40.560.460.340.380.310.26
0.880.530.660.790.81-0.020.13-0.240.10.950.070.160.70.280.740.180.880.970.730.30.77-0.260.620.990.96
0.870.490.760.860.96-0.090.18-0.050.190.840.030.240.780.450.74-0.020.930.80.930.40.850.040.590.750.62
0.090.140.060.060.030.090.190.16-0.090.08-0.12-0.030.020.080.18-0.02-0.020.150.00.07-0.06-0.06-0.050.180.1
0.970.580.830.940.94-0.210.29-0.050.310.92-0.060.370.860.470.880.93-0.020.940.850.510.910.040.730.90.82
0.950.560.810.880.84-0.190.26-0.080.270.93-0.10.330.820.370.970.80.150.940.730.470.86-0.130.740.990.91
0.790.580.540.780.960.130.1-0.13-0.020.870.260.030.630.40.730.930.00.850.730.170.78-0.020.440.710.62
0.640.430.810.690.39-0.90.830.690.930.21-0.80.960.720.560.30.40.070.510.470.170.620.60.80.40.23
0.920.750.870.920.89-0.370.410.250.450.79-0.160.50.940.460.770.85-0.060.910.860.780.620.230.880.830.72
0.130.330.230.260.08-0.670.640.690.66-0.22-0.410.660.280.34-0.260.04-0.060.04-0.13-0.020.60.230.31-0.17-0.27
0.80.650.860.790.63-0.590.570.40.640.56-0.390.680.890.380.620.59-0.050.730.740.440.80.880.310.710.62
0.910.570.750.830.82-0.130.21-0.130.210.93-0.030.260.770.310.990.750.180.90.990.710.40.83-0.170.710.94
0.810.580.580.720.720.040.1-0.290.030.910.160.090.680.260.960.620.10.820.910.620.230.72-0.270.620.94
Click cells to compare fundamentals

Cognex Account Relationship Matchups

Cognex fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.9B1.8B2.0B2.0B2.0B2.1B
Other Current Liab72.9M77.3M26.7M35.9M62.8M65.9M
Total Current Liabilities163.1M132.3M238.7M228.1M151.9M159.5M
Total Stockholder Equity1.4B1.3B1.4B1.4B1.5B1.6B
Property Plant And Equipment Net107.0M101.8M100.7M117.4M181.0M190.0M
Net Debt(827.4M)(242.8M)(881.8M)(806.0M)(124.1M)(130.3M)
Retained Earnings753.3M487.9M562.9M528.2M512.5M357.8M
Accounts Payable70.1M16.3M44.1M27.1M21.5M22.0M
Cash845.4M269.1M907.4M854.3M202.7M259.9M
Non Current Assets Total876.9M1.2B852.8M856.0M1.3B1.4B
Non Currrent Assets Other(396.0M)7.8M(503.8M)(377.8M)7.1M7.4M
Cash And Short Term Investments845.4M372.3M907.4M854.3M332.0M313.0M
Net Receivables103.4M131.3M134.3M127.6M116.6M122.4M
Common Stock Shares Outstanding175.3M176.6M179.9M174.9M173.4M186.3M
Liabilities And Stockholders Equity1.9B1.8B2.0B2.0B2.0B2.1B
Non Current Liabilities Total367.2M406.2M334.8M291.6M361.2M379.2M
Inventory60.3M60.8M113.1M122.5M162.3M170.4M
Other Current Assets272.1M37.2M68.7M67.5M68.1M63.7M
Other Stockholder Equity639.4M807.7M914.8M979.2M1.0B1.1B
Total Liab530.2M538.5M573.6M519.7M513.1M538.7M
Property Plant And Equipment Gross107.0M101.8M100.7M117.4M281.3M295.4M
Total Current Assets1.0B601.7M1.2B1.1B679.0M442.2M
Accumulated Other Comprehensive Income(37.3M)(33.8M)(47.9M)(69.3M)(45.3M)(43.1M)
Common Stock Total Equity342K345K352K351K396.8K416.6K
Short Term Investments240.5M103.2M137.5M218.8M129.4M172.6M
Common Stock342K345K352K351K343K191.9K
Other Liab397.4M388.1M367.2M300.7M345.9M363.1M
Other Assets455.4M860.2M425.8M413.9M476.0M499.8M
Intangible Assets39.5M15.6M11.9M12.4M113.0M118.6M
Property Plant Equipment89.4M79.2M77.5M79.7M91.7M50.6M
Current Deferred Revenue14.4M21.3M35.7M40.8M31.5M16.0M
Short Term Debt5.6M8.1M15.6M16.9M19.2M17.2M
Good Will243.4M244.1M241.7M242.6M393.2M412.8M
Net Tangible Assets1.1B1.0B1.2B1.2B1.4B912.3M
Retained Earnings Total Equity753.3M487.9M562.9M528.2M607.4M561.2M
Capital Surpluse639.4M807.7M914.8M979.2M1.1B1.2B
Deferred Long Term Liab332.3M315.0M293.8M250.0M287.5M301.8M
Long Term Investments433.5M395.1M583.7M454.1M244.2M364.7M
Non Current Liabilities Other77.4M91.3M91.2M82.1M299K284.1K

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