Novanta (MEX:NOVT) Accounts Payable & Accrued Expense : MXN1,458 Mil (As of Mar. 2024)

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What is Novanta Accounts Payable & Accrued Expense?

Novanta's quarterly accounts payable & accrued expense declined from Sep. 2023 (MXN1,336 Mil) to Dec. 2023 (MXN1,193 Mil) but then increased from Dec. 2023 (MXN1,193 Mil) to Mar. 2024 (MXN1,458 Mil).

Novanta's annual accounts payable & accrued expense declined from Dec. 2021 (MXN2,571 Mil) to Dec. 2022 (MXN1,833 Mil) and declined from Dec. 2022 (MXN1,833 Mil) to Dec. 2023 (MXN1,193 Mil).

Novanta Accounts Payable & Accrued Expense Historical Data

The historical data trend for Novanta's Accounts Payable & Accrued Expense 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.

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Novanta Accounts Payable & Accrued Expense Chart

Novanta Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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1,135.41

1,282.40

2,571.08

1,832.86

1,192.51

Novanta Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															1,548.33	1,311.46	1,336.10	1,192.51	1,458.48

Novanta Accounts Payable & Accrued Expense Calculation

Accounts payable & accrued expense usually includes accounts payable, accrued compensation and related benefits, etc.

Accounts payable is money owed by a business to its suppliers shown as a liability on a company's balance sheet. It is distinct from notes payable liabilities, which are debts created by formal legal instrument documents.

It is part of the current portion of the liabilities (due within one year or within the normal operating cycle if longer) reflected on the balace sheet of the company. A higher Accounts Payable means lower Working Capital needed to operate the business.

Novanta (MEX:NOVT) Business Description

Industry

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NOVT:USA 0VAG:UK

Address

125 Middlesex Turnpike, Bedford, MA, USA, 01730

Website

https://www.novanta.com

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.