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Cognex Corp  (CGNX)
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Cognex's Effective Tax Rate by quarter

Trends, Rankings, Statistics



CGNX Effective Tax Rate (Dec 31 2023)
IV. Quarter
(Oct 01 2023)
III. Quarter
(Jul 02 2023)
II. Quarter
(Apr 02 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Pre-Tax Income Change -75.77 % -31.37 % 5.22 % -70.11 % 2.22 %
Seq. Pre-Tax Income Change -46.84 % -60.16 % 158.54 % -55.74 % 50.54 %
Pre-Tax Income In Millions $14.35 $27.00 $67.78 $26.22 $59.23
Effective Tax Rate 21.77 % 29.95 % 15.2 % 2.29 % 6.62 %
Effective Tax Rate Total Ranking # 697 # 1761 # 456 # 83 # 250
Income taxes expenses / -benefit In Millions $3.13 $8.09 $10.30 $0.60 $3.92
Y / Y Income taxes expenses / -benefit Change -20.28 % 50.72 % 86.85 % -97.05 % -11.15 %
Seq. Income taxes expenses / -benefit Change -61.35 % -21.52 % 1617.17 % -84.69 % -26.93 %


Commenting fourth Quarter 2023 Effective Tax Rate
Company's effective tax rate in IV. Quarter decreased compare to previous quarter to 21.77 %, above company's average Effective Tax Rate.

Looking into IV. Quarter results within Electronic Instruments & Controls industry 10 other companies have achieved lower Effective Tax Rate. While Effective Tax Rate total ranking has impoved so far to 697, from total ranking in previous quarter at 1761.

CGNX's Effective Tax Rate fourth quarter 2023 Company Ranking
Within: No.
Electronic Instruments & Controls Industry # 11
Technology Sector # 107
Overall # 696

CGNX's Effective Tax Rate Statistics
High Average Low
141.54 % 16.99 % 1.03 %
(Dec 31 2017)   (Sep 30 2018)




Other Effective Tax Rate Profitability Ratios
CGNX's Cumulative Effective Tax Rate
Electronic Instruments & Controls Industry Effective Tax Rate Trends and Statistics
Technology Sector Effective Tax Rate Statistics
Effective Tax Rate Profitability Trends for overall market
CGNX's Effective Tax Rate Profitability versus Electronic Instruments & Controls Industry, Technology Sector and total Market
Highest Ranking Effective Tax Rate
Lowest Ranking Effective Tax Rate
Effective Tax Rate Profit Margin for CGNX's Competitors
Effective Tax Rate Profit Margin for Cognex's Suppliers
Effective Tax Rate Profit Margin for CGNX's Customers

You may also want to know
CGNX's Annual Growth Rates CGNX's Profitability Ratios CGNX's Asset Turnover Ratio CGNX's Dividend Growth
CGNX's Roe CGNX's Valuation Ratios CGNX's Financial Strength Ratios CGNX's Income taxes expenses / -benefit Growth
CGNX's Roa CGNX's Inventory Turnover Ratio CGNX's Growth Rates CGNX's Dividend Comparisons


Companies with similar Effective Tax Rate in the quarter ending Dec 31 2023, within Electronic Instruments & Controls Industry Effective Tax RateDec 31 2023 MRQ Income taxes expenses / -benefitDec 31 2023 MRQ Pre-Tax Income
Vishay Precision Group Inc   50.48 %$ 4.403 $ 8.723 
Vishay Intertechnology Inc   35.58 %$ 28.690 $ 80.644 
Amphenol Corporation  21.98 %$ 146.300 $ 665.500 
Cognex Corp  21.77 %$ 3.125 $ 14.354 
Transcat Inc  21.61 %$ 0.923 $ 4.271 
Roper Technologies Inc   20.81 %$ 99.200 $ 476.700 
Ametek inc   17.77 %$ 74.072 $ 416.936 
Hubbell Inc  17.71 %$ 37.100 $ 209.500 
Espey Mfg and Electronics Corp   10.27 %$ 0.464 $ 4.519 
Itron Inc   9.21 %$ 4.555 $ 49.462 
Trimas Corporation  5.81 %$ 0.490 $ 8.430 
Fortive Corporation  4.43 %$ 12.300 $ 277.500 




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