The Returns On Capital At Novanta (NASDAQ:NOVT) Don't Inspire Confidence [Yahoo! Finance]
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Novanta Inc. - Common Shares (NOVT)
Last novanta inc. - common shares earnings: 2/26 06:59 am
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Source: Yahoo! Finance
capital employed (ROCE) and alongside that, an expanding base of capital employed. Ultimately, this demonstrates that it's a business that is reinvesting profits at increasing rates of return. In light of that, when we looked at Novanta NASDAQ:NOVT ) and its ROCE trend, we weren't exactly thrilled. What Is Return On Capital Employed (ROCE)? For those who don't know, ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business. Analysts use this formula to calculate it for Novanta: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.093 = US$117m ÷ (US$1.4b - US$151m) (Based on the trailing twelve months to March 2024) Therefore, Novanta has an ROCE of 9.3%. In absolute terms, that's a low return but it's around the Electronic industry average of 11%. See our latest analysis for Novanta In the above chart we have measured Novanta's prior ROCE against its prio
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NOVT
News
- Novanta to Present at the CJS Securities 24th Annual New Ideas Summer Conference on Wednesday, July 10, 2024Business Wire
- Pine Environmental Services Appoints John Roush as New CEO [Yahoo! Finance]Yahoo! Finance
- What Makes Novanta (NOVT) a New Buy Stock [Yahoo! Finance]Yahoo! Finance
- Novanta First Quarter 2024 Earnings: Beats Expectations [Yahoo! Finance]Yahoo! Finance
- Novanta Announces Financial Results for the First Quarter 2024Business Wire
NOVT
Earnings
- 5/7/24 - Beat
NOVT
Sec Filings
- 6/18/24 - Form 4
- 6/17/24 - Form 144
- 6/12/24 - Form 4
- NOVT's page on the SEC website