Novanta Inc (NOVT)
Profitability ratios
Return on sales
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 44.39% | 44.52% | 44.82% | 45.18% | 45.45% | 44.99% | 44.43% | 44.13% | 44.03% | 43.54% | 43.35% | 43.09% | 42.60% | 42.85% | 42.49% | 41.83% | 41.58% | 41.43% | 41.45% | 41.87% |
| Operating profit margin | 11.64% | 11.47% | 11.51% | 12.32% | 12.56% | 13.08% | 12.83% | 12.02% | 11.99% | 11.62% | 10.63% | 10.34% | 9.08% | 9.11% | 9.07% | 9.04% | 9.50% | 8.65% | 8.63% | 8.71% |
| Pretax margin | 8.33% | 8.04% | 8.11% | 9.08% | 9.52% | 9.83% | 10.21% | 9.86% | 10.14% | 10.34% | 9.28% | 9.04% | 7.97% | 7.98% | 7.87% | 7.71% | 8.23% | 7.21% | 7.23% | 7.30% |
| Net profit margin | 6.75% | 6.53% | 6.93% | 7.77% | 8.28% | 8.55% | 8.66% | 8.41% | 8.62% | 8.61% | 8.01% | 7.74% | 7.14% | 7.54% | 7.10% | 7.38% | 7.57% | 6.86% | 6.83% | 6.51% |
Novanta Inc's profitability ratios have shown a positive trend over the past years. The Gross Profit Margin has consistently improved from 41.87% in March 2020 to 44.39% in December 2024, indicating efficient cost management and pricing strategies.
The Operating Profit Margin has also shown a steady increase from 8.71% in March 2020 to 11.64% in December 2024, reflecting the company's ability to control operating expenses and generate higher returns from its core operations.
The Pretax Margin has gradually increased from 7.30% in March 2020 to 8.33% in December 2024, suggesting effective tax management and overall profitability growth.
Lastly, the Net Profit Margin has shown fluctuations but generally improved from 6.51% in March 2020 to 6.75% in December 2024, indicating that the company has been able to maintain a reasonable level of profitability after accounting for all expenses, including taxes.
Overall, Novanta Inc has demonstrated a positive trend in its profitability ratios, showcasing its ability to efficiently manage costs, generate higher returns from operations, and improve overall profitability over the analyzed period.
Return on investment
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 7.96% | 7.44% | 7.39% | 7.78% | 9.01% | 9.68% | 9.25% | 8.57% | 8.30% | 8.11% | 7.01% | 6.40% | 5.22% | 4.91% | 6.38% | 6.31% | 6.46% | 6.04% | 6.12% | 6.43% |
| Return on assets (ROA) | 4.62% | 4.24% | 4.44% | 4.91% | 5.94% | 6.33% | 6.24% | 6.00% | 5.97% | 6.01% | 5.28% | 4.80% | 4.10% | 4.07% | 5.00% | 5.15% | 5.15% | 4.79% | 4.85% | 4.81% |
| Return on total capital | 9.55% | 8.84% | 8.76% | 9.22% | 10.80% | 11.65% | 11.07% | 10.34% | 10.22% | 9.99% | 9.04% | 8.15% | 6.74% | 6.31% | 8.24% | 8.11% | 8.32% | 8.10% | 8.19% | 8.73% |
| Return on equity (ROE) | 8.59% | 8.10% | 8.86% | 10.16% | 10.82% | 11.73% | 12.28% | 12.29% | 12.82% | 13.38% | 11.96% | 10.82% | 9.66% | 9.84% | 8.90% | 9.22% | 9.34% | 9.10% | 9.67% | 9.80% |
Novanta Inc's profitability ratios show a mixed performance over the analyzed periods.
- Operating return on assets (Operating ROA) has been relatively stable, ranging from 4.91% to 9.68% over the periods, indicating that the company is generating consistent operating profit with its assets.
- Return on assets (ROA) depicts a fluctuating trend, with values varying between 4.07% and 6.33%. This ratio reflects the company's ability to generate profit from its total assets.
- Return on total capital has shown an increasing trend, starting at 8.10% and reaching a peak of 11.65%. This indicates that the company is effectively utilizing its total capital to generate returns for its stakeholders.
- Return on equity (ROE) showcases some volatility, with values fluctuating between 8.10% and 13.38%. ROE reflects the amount of net income returned as a percentage of shareholders' equity, showing how efficiently the company is utilizing shareholders' funds to generate profit.
Overall, while some ratios indicate stability and efficient operations, others show volatility and room for improvement in managing assets and equity to enhance profitability and shareholder value.