Gross-Profit-to-Asset % is calculated as Gross Profit divided by its average Total Assets over a certain period of time. Novanta's annualizedGross Profit for the quarter that ended in Mar. 2024 was $401.7 Mil.
Novanta's average Total Assets over the quarter that ended in Mar. 2024 was $1,318.3 Mil. Therefore, Novanta's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 was 30.47%.
Novanta Gross-Profit-to-Asset % Historical Data
The historical data trend for Novanta's Gross-Profit-to-Asset % 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.
Competitive Comparison of Novanta's Gross-Profit-to-Asset %
For the Scientific & Technical Instruments subindustry, Novanta's Gross-Profit-to-Asset %, along with its competitors' market caps and Gross-Profit-to-Asset % 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's Gross-Profit-to-Asset % Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Novanta's Gross-Profit-to-Asset % distribution charts can be found below:
* The bar in red indicates where Novanta's Gross-Profit-to-Asset % falls into.
Novanta Gross-Profit-to-Asset % Calculation
Novanta's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Dec. 2023 is calculated as:
* 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.
In the calculation of annual Gross-Profit-to-Asset %, the Gross Profit of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data,
the Gross Profit data used here is four times the quarterly (Mar. 2024) data.
Gross-Profit-to-Asset % is displayed in the 30-year financial page.
Novanta Gross-Profit-to-Asset % Related Terms
Thank you for viewing the detailed overview of Novanta's Gross-Profit-to-Asset % 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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