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