Novanta Inc (NOVT)
Return on equity (ROE)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 64,087 | 60,134 | 62,165 | 69,289 | 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 |
| Total stockholders’ equity | US$ in thousands | 745,698 | 742,195 | 701,992 | 681,715 | 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 |
| 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% |
December 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $64,087K ÷ $745,698K
= 8.59%
Novanta Inc's return on equity (ROE) has shown fluctuations over the periods analyzed. The company's ROE ranged between 8.10% to 13.38% from September 30, 2022, to September 30, 2023, showing a significant increase. However, in the subsequent periods, the ROE decreased to around 8.59% by December 31, 2024. Overall, Novanta Inc's ROE has exhibited some volatility, with some periods of improvement followed by slight declines. It would be important for stakeholders to monitor the company's performance and profitability trends to assess its long-term financial health.
Peer comparison
Dec 31, 2024
Company name
Symbol
ROE
Novanta Inc
NOVT
8.59%
Edgewell Personal Care Co
EPC
6.22%
Energizer Holdings Inc
ENR
28.06%
Integer Holdings Corp
ITGR
7.40%