Novanta Inc (NOVT)

Return on equity (ROE)

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
Net income (ttm) US$ in thousands 72,878 75,629 76,896 73,496 74,051 72,543 63,656 57,841 50,331 49,233 43,888 43,884 44,521 41,082 41,747 40,467 40,773 43,200 48,831 49,451
Total stockholders’ equity US$ in thousands 673,460 644,856 626,030 598,017 577,586 542,202 532,169 534,693 521,291 500,113 493,064 476,123 476,809 451,249 431,898 413,103 417,172 402,877 386,182 379,701
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%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $72,878K ÷ $673,460K
= 10.82%

Novanta Inc's return on equity (ROE) has exhibited some fluctuations over the past eight quarters. The ROE has ranged from a low of 10.82% in Q1 2022 to a high of 13.38% in Q3 2022. In the most recent quarter, Q4 2023, the ROE stood at 10.82%, showing a slight decrease from the previous quarter.

Overall, Novanta Inc's ROE trend has shown some variability but has generally remained above the 10% mark, indicating that the company has been generating a reasonable return for its shareholders relative to its equity base. It is important for investors to monitor the ROE over time to assess the company's profitability and efficiency in utilizing shareholder equity.


Peer comparison

Dec 31, 2023