Return On Asset ratio Analysis of Novanta Inc - Deep Dive
Latest FY ROA
Period Ending - Dec-23
Indecisive ROA
6.17
Period Ending - Dec-22
Indecisive ROA
6.13
Growth
0.588 %
Trailing Twelve Months ROA
Period Ending - Dec-23
Indecisive ROA
6.35
Most recent Quarter ROA
Period Ending - Mar-24
Not Good ROA
1.04
ROA Analysis of Novanta Inc
ROA Ratio of NOVT has grown by 0.588 % Compared to previous Financial Year. |
ROA Ratio with value of 6.17 was highest in Year Dec-23 in last Five Years. |
ROA Ratio with value of 4.10 was lowest in Year Dec-21 in last Five Years. |
Latest ROA Ratio with value of 6.17 is Greater than Average ROA of 5.25 in last five years. |
Other ROA Related Info of NOVT that may interest you.
Novanta Inc Overview
Code | Price | Previous Price | Price Change | Sector |
---|---|---|---|---|
NOVT | 161.26 | 164.44 | 1.93 % | Scientific & Technical Instruments |
Defination of Return On Asset
The return on assets (ROA) is a commonly used profitability ratio that shows how effectively a company uses its assets to generate profit. more ..![Return On Asset Formula Return On Asset Formula](https://my.stockaio.com/help/template/FinDef/ProfitabilityRatios/ROARatio.jpg)
ROA Related Ratios
ReturnOnEquity | AssetTurnoverRatio |
Tsr Profitability Index
Low Profitability Stock |
FY - Historical Return On Asset of Novanta Inc
Period | Dec-23 | Dec-22 | Dec-21 | Dec-20 | Dec-19 | Dec-18 | Dec-17 |
---|---|---|---|---|---|---|---|
ROA | 6.17 | 6.13 | 4.10 | 5.15 | 4.69 | 6.82 | 8.26 |
Change | 0.588 % | 49.61 % | -20.34 % | 9.77 % | -31.31 % | -17.41 % | 59.85 % |
FY Chart of Return On Asset of Novanta Inc
Note : All Data Generated at the End of Trading Hours (EOD Data)