Novanta Inc (NOVT)
Profitability ratios
Return on sales
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 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% | 42.06% | 41.90% | 42.35% | 42.57% |
| Operating profit margin | 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% | 8.87% | 9.32% | 10.53% | 10.93% |
| Pretax margin | 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% | 7.34% | 8.00% | 9.07% | 9.32% |
| Net profit margin | 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% | 6.54% | 6.95% | 7.77% | 7.92% |
Novanta Inc's profitability ratios have shown a consistent trend over the past eight quarters. The gross profit margin has been gradually increasing from 43.01% in Q1 2022 to 45.36% in Q4 2023, indicating the company's ability to effectively manage its production and operating costs.
The operating profit margin has also experienced slight fluctuations, with a peak of 14.14% in Q3 2023 and a low of 11.96% in Q2 2022. Despite these fluctuations, the operating profit margin has generally shown an upward trend, reflecting the company's efficiency in generating profits from its core operations.
The pretax margin has varied over the quarters, reaching a high of 10.35% in Q3 2022 and a low of 9.02% in Q1 2022. However, the overall trend has been relatively stable, indicating Novanta Inc's ability to manage its expenses and generate profits before taxes consistently.
The net profit margin has also displayed consistent performance, ranging from 7.73% in Q1 2022 to 8.64% in Q2 2023. This metric reflects the company's profitability after accounting for all expenses, including taxes, and indicates Novanta Inc's ability to generate earnings for its shareholders.
Overall, Novanta Inc's profitability ratios demonstrate a positive trend over the past eight quarters, with improvements in gross profit margin, operating profit margin, pretax margin, and net profit margin. This suggests that the company is effectively managing its costs, operations, and profitability, which may lead to sustainable financial performance in the future.
Return on investment
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 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% | 6.36% | 6.76% | 8.45% | 9.06% |
| Return on assets (ROA) | 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% | 4.69% | 5.04% | 6.23% | 6.57% |
| Return on total capital | 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% | 8.74% | 9.20% | 11.01% | 11.80% |
| Return on equity (ROE) | 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% | 9.77% | 10.72% | 12.64% | 13.02% |
Novanta Inc's profitability ratios show a generally positive trend over the past eight quarters. The operating return on assets (Operating ROA) has been consistently increasing, reaching 10.06% in Q4 2023 from 7.45% in Q1 2022. This indicates the company's ability to generate profits from its assets through operations has been improving steadily.
Return on assets (ROA) has also shown an upward trend, with Q4 2023 reporting a value of 5.94% compared to 4.80% in Q1 2022. This indicates the company's overall profitability in relation to its total assets has been gradually improving.
Return on total capital has also demonstrated growth, increasing from 9.38% in Q1 2022 to 11.94% in Q4 2023. This metric reflects the company's ability to generate returns for both debt and equity holders.
Return on equity (ROE) has shown a consistent upward trajectory, with Q4 2023 reporting a value of 10.82% compared to 10.82% in Q1 2022. This indicates the company's ability to generate returns for its shareholders has been improving steadily over the past eight quarters.
Overall, Novanta Inc's profitability ratios depict a positive trend, indicating the company's efficient management of assets and effectiveness in generating returns for its stakeholders.