Novanta Historical Financial Ratios

NOVT Stock

USD 164.03 2.59 1.55%

Novanta is lately reporting on over 114 different financial statement accounts. To analyze all of these accounts together requires a lot of time and effort. However, using these accounts to derive some meaningful and actionable indicators such as Days Sales Outstanding of 78.43 will help investors to properly organize and evaluate Novanta financial condition quickly.

Quick Ratio Current Ratio

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Novanta. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

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

About Novanta Financial Ratios Analysis

NovantaFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Novanta investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on Novanta financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Novanta history.

Novanta Financial Ratios Chart

At this time, Novanta's Free Cash Flow Per Share is comparatively stable compared to the past year. ROIC is likely to gain to 0.1 in 2024, whereas Inventory Turnover is likely to drop 2.39 in 2024.

Price To Sales Ratio Ptb Ratio Days Sales Outstanding Book Value Per Share Invested Capital Net Debt To E B I T D A

Add Fundamental

Price To Sales Ratio

Price to Sales Ratio is figured by comparing Novanta stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Novanta sales, a figure that is much harder to manipulate than other Novanta multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.

Ptb Ratio

Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.

Book Value Per Share

The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.

Invested Capital

Invested capital represents the total cash investment that shareholders and debt holders have contributed to Novanta. There are two different methods for calculating Novanta invested capital: operating approach and financing approach. Understanding Novanta invested capital allows investors to calculate measures of performance such as return on invested capital or return on capital employed.

Net Debt To E B I T D A

A leverage ratio that indicates a company's ability to pay off its incurred debt. It compares a company's net debt (total debt minus cash) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA).

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

For more information on how to buy Novanta Stock please use our How to Invest in Novanta guide.At this time, Novanta's Free Cash Flow Per Share is comparatively stable compared to the past year. ROIC is likely to gain to 0.1 in 2024, whereas Inventory Turnover is likely to drop 2.39 in 2024.

	2021	2022	2023	2024 (projected)
Days Sales Outstanding	59.71	58.38	57.71	78.43
PTB Ratio	11.97	8.39	8.96	9.41

Days Sales Outstanding Ptb Ratio

Novanta fundamentals Correlations

	Price To Sales Ratio	Ptb Ratio	Days Sales Outstanding	Book Value Per Share	Free Cash Flow Yield	Operating Cash Flow Per Share	Capex To Depreciation	Pb Ratio	Ev To Sales	Free Cash Flow Per Share	Roic	Inventory Turnover	Net Income Per Share	Days Of Inventory On Hand	Payables Turnover	Capex To Revenue	Cash Per Share	Pocfratio	Interest Coverage	Capex To Operating Cash Flow	Pfcf Ratio	Days Payables Outstanding	Income Quality	Roe	Ev To Operating Cash Flow	Pe Ratio
Price To Sales Ratio		0.99	-0.02	0.57	-0.06	0.83	-0.25	0.99	1.0	0.64	0.4	0.02	0.7	-0.12	-0.44	-0.18	0.56	0.92	-0.23	0.33	0.91	0.47	0.09	0.34	0.92	0.92
Ptb Ratio	0.99		-0.06	0.54	-0.04	0.82	-0.28	1.0	0.99	0.65	0.42	0.04	0.73	-0.14	-0.49	-0.21	0.51	0.94	-0.26	0.36	0.94	0.53	0.05	0.38	0.94	0.9
Days Sales Outstanding	-0.02	-0.06		0.52	-0.63	-0.34	0.68	-0.06	-0.03	-0.56	-0.2	-0.8	-0.17	0.8	0.67	0.66	0.68	-0.09	0.63	-0.6	-0.01	-0.59	-0.14	-0.17	-0.06	-0.12
Book Value Per Share	0.57	0.54	0.52		-0.78	0.18	0.58	0.54	0.56	-0.16	-0.12	-0.55	0.15	0.6	0.26	0.62	0.81	0.39	0.58	-0.52	0.49	-0.12	-0.01	-0.09	0.42	0.43
Free Cash Flow Yield	-0.06	-0.04	-0.63	-0.78		0.39	-0.92	-0.04	-0.05	0.67	0.48	0.57	0.36	-0.72	-0.53	-0.94	-0.66	0.13	-0.93	0.88	0.02	0.33	0.21	0.36	0.09	0.09
Operating Cash Flow Per Share	0.83	0.82	-0.34	0.18	0.39		-0.63	0.82	0.83	0.93	0.53	0.31	0.81	-0.46	-0.57	-0.58	0.26	0.77	-0.62	0.66	0.71	0.46	0.21	0.48	0.75	0.8
Capex To Depreciation	-0.25	-0.28	0.68	0.58	-0.92	-0.63		-0.28	-0.26	-0.85	-0.57	-0.59	-0.6	0.77	0.72	0.99	0.48	-0.44	0.99	-0.97	-0.32	-0.53	-0.11	-0.48	-0.41	-0.33
Pb Ratio	0.99	1.0	-0.06	0.54	-0.04	0.82	-0.28		0.99	0.65	0.42	0.04	0.73	-0.14	-0.49	-0.21	0.51	0.94	-0.26	0.36	0.94	0.53	0.05	0.38	0.94	0.9
Ev To Sales	1.0	0.99	-0.03	0.56	-0.05	0.83	-0.26	0.99		0.65	0.4	0.02	0.71	-0.13	-0.45	-0.19	0.55	0.92	-0.25	0.34	0.92	0.48	0.07	0.35	0.93	0.91
Free Cash Flow Per Share	0.64	0.65	-0.56	-0.16	0.67	0.93	-0.85	0.65	0.65		0.61	0.51	0.78	-0.68	-0.71	-0.82	-0.06	0.68	-0.85	0.87	0.58	0.55	0.21	0.53	0.65	0.67
Roic	0.4	0.42	-0.2	-0.12	0.48	0.53	-0.57	0.42	0.4	0.61		0.19	0.79	-0.33	-0.35	-0.57	-0.07	0.52	-0.56	0.61	0.47	0.3	0.27	0.87	0.5	0.53
Inventory Turnover	0.02	0.04	-0.8	-0.55	0.57	0.31	-0.59	0.04	0.02	0.51	0.19		0.19	-0.97	-0.6	-0.57	-0.6	0.04	-0.59	0.6	-0.02	0.52	-0.01	0.27	0.02	0.07
Net Income Per Share	0.7	0.73	-0.17	0.15	0.36	0.81	-0.6	0.73	0.71	0.78	0.79	0.19		-0.35	-0.55	-0.57	0.19	0.8	-0.6	0.67	0.75	0.47	0.18	0.84	0.79	0.71
Days Of Inventory On Hand	-0.12	-0.14	0.8	0.6	-0.72	-0.46	0.77	-0.14	-0.13	-0.68	-0.33	-0.97	-0.35		0.69	0.74	0.59	-0.19	0.76	-0.77	-0.11	-0.57	-0.02	-0.37	-0.16	-0.18
Payables Turnover	-0.44	-0.49	0.67	0.26	-0.53	-0.57	0.72	-0.49	-0.45	-0.71	-0.35	-0.6	-0.55	0.69		0.65	0.31	-0.6	0.73	-0.79	-0.54	-0.95	-0.11	-0.37	-0.59	-0.5
Capex To Revenue	-0.18	-0.21	0.66	0.62	-0.94	-0.58	0.99	-0.21	-0.19	-0.82	-0.57	-0.57	-0.57	0.74	0.65		0.51	-0.37	0.98	-0.95	-0.26	-0.44	-0.11	-0.47	-0.34	-0.26
Cash Per Share	0.56	0.51	0.68	0.81	-0.66	0.26	0.48	0.51	0.55	-0.06	-0.07	-0.6	0.19	0.59	0.31	0.51		0.33	0.48	-0.42	0.37	-0.25	0.04	0.0	0.35	0.42
Pocfratio	0.92	0.94	-0.09	0.39	0.13	0.77	-0.44	0.94	0.92	0.68	0.52	0.04	0.8	-0.19	-0.6	-0.37	0.33		-0.43	0.53	0.99	0.61	0.01	0.45	1.0	0.86
Interest Coverage	-0.23	-0.26	0.63	0.58	-0.93	-0.62	0.99	-0.26	-0.25	-0.85	-0.56	-0.59	-0.6	0.76	0.73	0.98	0.48	-0.43		-0.99	-0.32	-0.54	-0.12	-0.46	-0.4	-0.32
Capex To Operating Cash Flow	0.33	0.36	-0.6	-0.52	0.88	0.66	-0.97	0.36	0.34	0.87	0.61	0.6	0.67	-0.77	-0.79	-0.95	-0.42	0.53	-0.99		0.43	0.62	0.11	0.53	0.5	0.4
Pfcf Ratio	0.91	0.94	-0.01	0.49	0.02	0.71	-0.32	0.94	0.92	0.58	0.47	-0.02	0.75	-0.11	-0.54	-0.26	0.37	0.99	-0.32	0.43		0.59	-0.01	0.4	0.99	0.84
Days Payables Outstanding	0.47	0.53	-0.59	-0.12	0.33	0.46	-0.53	0.53	0.48	0.55	0.3	0.52	0.47	-0.57	-0.95	-0.44	-0.25	0.61	-0.54	0.62	0.59		0.09	0.32	0.61	0.52
Income Quality	0.09	0.05	-0.14	-0.01	0.21	0.21	-0.11	0.05	0.07	0.21	0.27	-0.01	0.18	-0.02	-0.11	-0.11	0.04	0.01	-0.12	0.11	-0.01	0.09		0.27	-0.01	0.44
Roe	0.34	0.38	-0.17	-0.09	0.36	0.48	-0.48	0.38	0.35	0.53	0.87	0.27	0.84	-0.37	-0.37	-0.47	0.0	0.45	-0.46	0.53	0.4	0.32	0.27		0.43	0.44
Ev To Operating Cash Flow	0.92	0.94	-0.06	0.42	0.09	0.75	-0.41	0.94	0.93	0.65	0.5	0.02	0.79	-0.16	-0.59	-0.34	0.35	1.0	-0.4	0.5	0.99	0.61	-0.01	0.43		0.85
Pe Ratio	0.92	0.9	-0.12	0.43	0.09	0.8	-0.33	0.9	0.91	0.67	0.53	0.07	0.71	-0.18	-0.5	-0.26	0.42	0.86	-0.32	0.4	0.84	0.52	0.44	0.44	0.85

Click cells to compare fundamentals

Novanta Account Relationship Matchups

Novanta fundamentals Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Price To Sales Ratio	4.95	7.03	8.83	5.63	6.85	7.19
Ptb Ratio	7.43	8.71	11.97	8.39	8.96	9.41
Days Sales Outstanding	53.1	46.38	59.71	58.38	57.71	78.43
Book Value Per Share	11.91	13.57	14.73	16.2	18.79	15.83
Operating Cash Flow Per Share	1.81	3.99	2.67	2.55	3.35	3.52
Stock Based Compensation To Revenue	0.0149	0.0391	0.0362	0.0268	0.029	0.0305
Pb Ratio	7.43	8.71	11.97	8.39	8.96	9.41
Ev To Sales	5.23	7.22	9.34	6.06	7.19	7.55
Free Cash Flow Per Share	1.5	3.69	2.11	2.0	2.5	2.62
Roic	0.12	0.0759	0.094	0.0864	0.0936	0.0982
Inventory Turnover	3.37	3.12	3.73	3.23	2.87	2.39
Net Income Per Share	1.16	1.27	1.42	2.08	2.03	2.13
Days Of Inventory On Hand	116.93	97.8	112.84	127.1	113.17	137.46
Payables Turnover	6.92	8.06	5.93	6.41	8.42	10.4
Capex To Revenue	0.0172	0.0178	0.0283	0.0228	0.0226	0.0215
Cash Per Share	2.25	3.56	3.32	2.81	2.93	5.16
Pocfratio	48.98	29.63	65.96	53.36	50.27	52.79
Interest Coverage	10.5	8.51	13.57	6.6	4.28	4.07
Pfcf Ratio	59.0	32.03	83.61	68.1	67.41	61.81
Days Payables Outstanding	52.73	45.31	61.52	56.91	43.33	33.52
Income Quality	1.55	3.15	1.88	1.23	1.65	1.73
Roe	0.19	0.13	0.0977	0.0934	0.0966	0.11
Ev To Operating Cash Flow	51.76	30.4	69.79	57.5	52.77	55.41
Pe Ratio	75.98	93.32	124.01	65.41	82.83	86.97
Ev To Free Cash Flow	62.35	32.86	88.47	73.38	70.75	46.21
Earnings Yield	0.0132	0.0107	0.008064	0.0153	0.0121	0.0127
Net Debt To E B I T D A	1.58	1.1	2.87	2.34	1.82	1.92
Current Ratio	2.26	2.66	2.03	2.56	2.98	4.04
Tangible Book Value Per Share	(0.68)	1.2	(5.06)	(2.16)	1.23	1.16
Receivables Turnover	6.87	7.87	6.11	6.25	6.32	4.38
Graham Number	17.66	19.67	21.71	27.52	29.32	24.29
Shareholders Equity Per Share	11.91	13.57	14.73	16.2	18.79	15.82
Debt To Equity	0.75	0.56	0.53	0.42	0.83	0.44

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.

Explore Investing Ideas

Additional Tools for Novanta Stock Analysis

When running Novanta's price analysis, check to measure Novanta's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Novanta is operating at the current time. Most of Novanta's value examination focuses on studying past and present price action to predict the probability of Novanta's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Novanta's price. Additionally, you may evaluate how the addition of Novanta to your portfolios can decrease your overall portfolio volatility.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Price To Sales Ratio	Dividend Yield
Ptb Ratio	Days Sales Outstanding
Book Value Per Share	Free Cash Flow Yield
Invested Capital	Operating Cash Flow Per Share
Average Payables	Stock Based Compensation To Revenue
Capex To Depreciation	Pb Ratio
Ev To Sales	Free Cash Flow Per Share
Roic	Inventory Turnover
Net Income Per Share	Days Of Inventory On Hand
Payables Turnover	Sales General And Administrative To Revenue
Average Inventory	Research And Ddevelopement To Revenue
Capex To Revenue	Cash Per Share
Pocfratio	Interest Coverage
Payout Ratio	Capex To Operating Cash Flow
Pfcf Ratio	Days Payables Outstanding
Net Current Asset Value	Income Quality
Roe	Tangible Asset Value
Ev To Operating Cash Flow	Pe Ratio
Return On Tangible Assets	Ev To Free Cash Flow
Earnings Yield	Intangibles To Total Assets
Net Debt To E B I T D A	Current Ratio
Tangible Book Value Per Share	Receivables Turnover
Graham Number	Shareholders Equity Per Share
Debt To Equity	Capex Per Share
Graham Net Net	Average Receivables
Revenue Per Share	Interest Debt Per Share
Debt To Assets	Enterprise Value Over E B I T D A
Short Term Coverage Ratios	Price Earnings Ratio
Operating Cycle	Price Book Value Ratio
Price Earnings To Growth Ratio	Days Of Payables Outstanding
Dividend Payout Ratio	Price To Operating Cash Flows Ratio
Price To Free Cash Flows Ratio	Pretax Profit Margin
Ebt Per Ebit	Operating Profit Margin
Effective Tax Rate	Company Equity Multiplier
Long Term Debt To Capitalization	Total Debt To Capitalization
Return On Capital Employed	Debt Equity Ratio
Ebit Per Revenue	Quick Ratio
Dividend Paid And Capex Coverage Ratio	Net Income Per E B T
Cash Ratio	Cash Conversion Cycle
Operating Cash Flow Sales Ratio	Days Of Inventory Outstanding
Days Of Sales Outstanding	Free Cash Flow Operating Cash Flow Ratio
Cash Flow Coverage Ratios	Price To Book Ratio
Fixed Asset Turnover	Capital Expenditure Coverage Ratio
Price Cash Flow Ratio	Enterprise Value Multiple
Debt Ratio	Cash Flow To Debt Ratio
Price Sales Ratio	Return On Assets
Asset Turnover	Net Profit Margin
Gross Profit Margin	Price Fair Value
Return On Equity

Novanta Historical Financial Ratios

About Novanta Financial Ratios Analysis

Novanta Financial Ratios Chart

Price To Sales Ratio

Ptb Ratio

Book Value Per Share

Invested Capital

Net Debt To E B I T D A

Novanta fundamentals Correlations

Novanta Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Novanta fundamentals Accounts

Thematic Opportunities

Explore Investment Opportunities

Additional Tools for Novanta Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Ev To Sales	+ 1.0	Price To Sales Ratio
Pb Ratio	+ 1.0	Ptb Ratio
Ev To Operating Cash Flow	+ 1.0	Pocfratio
Ptb Ratio	+ 0.99	Price To Sales Ratio
Pb Ratio	+ 0.99	Price To Sales Ratio
Ev To Sales	+ 0.99	Ptb Ratio

Capex To Operating Cash Flow	- 0.99	Interest Coverage
Days Of Inventory On Hand	- 0.97	Inventory Turnover
Capex To Operating Cash Flow	- 0.97	Capex To Depreciation
Capex To Operating Cash Flow	- 0.95	Capex To Revenue
Days Payables Outstanding	- 0.95	Payables Turnover
Capex To Revenue	- 0.94	Free Cash Flow Yield