Novanta's average Accounts Receivable for the
three
months ended in Dec. 2023 was $141.2 Mil. Novanta's Revenue for the
three
months ended in Dec. 2023 was $211.6 Mil.
Hence, Novanta's Days Sales Outstanding for the
three
months ended in Dec. 2023 was 60.92.
The historical rank and industry rank for Novanta's Days Sales Outstanding or its related term are showing as below:
NOVT'
s Days Sales Outstanding Range Over the Past 10 Years
Min: 49.15 Med: 51.18 Max: 58.5
Current: 58.5
During the past 13 years, Novanta's highest Days Sales Outstanding was 58.50. The lowest was 49.15. And the median was 51.18.
NOVT's Days Sales Outstanding is ranked better than 68.7% of 2457
companies
in the Hardware industry
Industry Median: 75.24
vs NOVT: 58.50
Novanta's Days Sales Outstanding
increased
from Dec. 2022 (58.99) to Dec. 2023 (60.92).
Novanta Days Sales Outstanding Historical Data
The historical data trend for Novanta's Days Sales Outstanding can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Scientific & Technical Instruments subindustry, Novanta's Days Sales Outstanding, along with its competitors' market caps and Days Sales Outstanding data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Novanta Days Sales Outstanding Distribution
For the Hardware industry and Technology sector, Novanta's Days Sales Outstanding distribution charts can be found below:
* The bar in red indicates where Novanta's Days Sales Outstanding falls into.
Novanta Days Sales Outstanding Calculation
Days Sales Outstanding measures the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Novanta (NAS:NOVT) Days Sales Outstanding Explanation
For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.
Novanta Days Sales Outstanding Related Terms
Thank you for viewing the detailed overview of Novanta's Days Sales Outstanding provided by GuruFocus.com. Please click on the following links to see related term pages.
Novanta Inc manufactures photonic and motion-control components for original equipment manufacturers in the medical equipment and industrial technology markets. The firm operates in three segments: photonics, vision, and precision motion. The photonics segment, which sells photonics-based products that include carbon dioxide lasers, laser scanning, super-resolution imaging lasers, and laser beam delivery items. The vision segment sells medical-grade technologies, including visualization solutions, imaging informatics products, and thermal printers contributing the majority of revenue. The precision motion segment sells optical encoders, motion control technology, and precision machined components. The firm generates the majority of its revenue from the United States and Europe.
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