Novanta Capital Surpluse vs Property Plant Equipment Analysis

NOVT Stock

USD 164.72 0.22 0.13%

Novanta financial indicator trend analysis is infinitely more than just investigating Novanta recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Novanta is a good investment. Please check the relationship between Novanta Capital Surpluse and its Property Plant Equipment accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Novanta. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

For more information on how to buy Novanta Stock please use our How to Invest in Novanta guide.

Capital Surpluse vs Property Plant Equipment

Capital Surpluse vs Property Plant Equipment Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Novanta Capital Surpluse account and Property Plant Equipment. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Novanta's Capital Surpluse and Property Plant Equipment is 0.82. Overlapping area represents the amount of variation of Capital Surpluse that can explain the historical movement of Property Plant Equipment in the same time period over historical financial statements of Novanta, assuming nothing else is changed. The correlation between historical values of Novanta's Capital Surpluse and Property Plant Equipment is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Surpluse of Novanta are associated (or correlated) with its Property Plant Equipment. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant Equipment has no effect on the direction of Capital Surpluse i.e., Novanta's Capital Surpluse and Property Plant Equipment go up and down completely randomly.

Correlation Coefficient

0.82

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Capital Surpluse

Property Plant Equipment

Most indicators from Novanta's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Novanta current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Novanta. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

For more information on how to buy Novanta Stock please use our How to Invest in Novanta guide.At this time, Novanta's Enterprise Value Over EBITDA is comparatively stable compared to the past year. Enterprise Value Multiple is likely to gain to 40.53 in 2024, whereas Selling General Administrative is likely to drop slightly above 88.5 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	300.3M	378.5M	381.9M	401.0M
Total Revenue	706.8M	860.9M	881.7M	925.7M

Gross Profit Total Revenue

Novanta fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Other Liab	Other Assets
Total Assets		0.99	0.76	0.92	0.97	0.97	0.97	0.83	0.84	0.84	1.0	-0.11	0.86	0.87	0.34	0.98	0.86	0.38	0.25	0.98	0.89	0.92	0.68	0.8	0.67	0.49
Short Long Term Debt Total	0.99		0.77	0.93	0.93	0.95	0.99	0.81	0.86	0.8	0.99	-0.12	0.82	0.88	0.31	0.99	0.88	0.39	0.26	0.99	0.84	0.92	0.62	0.82	0.64	0.42
Other Current Liab	0.76	0.77		0.9	0.65	0.73	0.76	0.57	0.8	0.7	0.77	-0.01	0.7	0.75	0.3	0.8	0.75	0.37	0.27	0.82	0.54	0.78	0.24	0.85	0.78	0.24
Total Current Liabilities	0.92	0.93	0.9		0.82	0.88	0.91	0.67	0.96	0.85	0.92	-0.03	0.84	0.91	0.45	0.95	0.92	0.4	0.24	0.96	0.67	0.95	0.45	0.94	0.75	0.44
Total Stockholder Equity	0.97	0.93	0.65	0.82		0.97	0.91	0.86	0.73	0.79	0.96	-0.14	0.82	0.81	0.29	0.9	0.79	0.36	0.25	0.9	0.96	0.87	0.75	0.67	0.57	0.53
Property Plant And Equipment Net	0.97	0.95	0.73	0.88	0.97		0.94	0.89	0.77	0.77	0.97	-0.21	0.8	0.83	0.21	0.93	0.84	0.37	0.37	0.94	0.92	0.88	0.71	0.73	0.62	0.54
Net Debt	0.97	0.99	0.76	0.91	0.91	0.94		0.82	0.85	0.73	0.97	-0.16	0.75	0.88	0.26	0.98	0.88	0.36	0.29	0.98	0.84	0.9	0.57	0.79	0.59	0.35
Retained Earnings	0.83	0.81	0.57	0.67	0.86	0.89	0.82		0.57	0.55	0.83	-0.42	0.58	0.67	-0.2	0.77	0.69	0.32	0.66	0.77	0.9	0.69	0.61	0.48	0.36	0.44
Accounts Payable	0.84	0.86	0.8	0.96	0.73	0.77	0.85	0.57		0.8	0.85	0.01	0.78	0.9	0.53	0.88	0.94	0.33	0.21	0.89	0.55	0.93	0.3	0.94	0.68	0.4
Cash	0.84	0.8	0.7	0.85	0.79	0.77	0.73	0.55	0.8		0.83	0.11	1.0	0.74	0.56	0.83	0.73	0.43	0.09	0.84	0.62	0.86	0.67	0.86	0.76	0.7
Non Current Assets Total	1.0	0.99	0.77	0.92	0.96	0.97	0.97	0.83	0.85	0.83		-0.09	0.85	0.87	0.32	0.98	0.86	0.39	0.27	0.98	0.88	0.92	0.67	0.82	0.69	0.5
Non Currrent Assets Other	-0.11	-0.12	-0.01	-0.03	-0.14	-0.21	-0.16	-0.42	0.01	0.11	-0.09		0.11	-0.21	0.47	-0.08	-0.28	0.01	-0.52	-0.07	-0.25	-0.18	-0.03	0.08	0.21	0.16
Cash And Short Term Investments	0.86	0.82	0.7	0.84	0.82	0.8	0.75	0.58	0.78	1.0	0.85	0.11		0.73	0.54	0.85	0.72	0.43	0.08	0.85	0.66	0.86	0.71	0.84	0.76	0.7
Net Receivables	0.87	0.88	0.75	0.91	0.81	0.83	0.88	0.67	0.9	0.74	0.87	-0.21	0.73		0.46	0.88	0.97	0.19	0.23	0.88	0.71	0.96	0.4	0.81	0.54	0.35
Common Stock Shares Outstanding	0.34	0.31	0.3	0.45	0.29	0.21	0.26	-0.2	0.53	0.56	0.32	0.47	0.54	0.46		0.35	0.42	0.12	-0.63	0.36	0.1	0.5	0.16	0.54	0.45	0.24
Non Current Liabilities Total	0.98	0.99	0.8	0.95	0.9	0.93	0.98	0.77	0.88	0.83	0.98	-0.08	0.85	0.88	0.35		0.88	0.37	0.24	1.0	0.8	0.93	0.59	0.87	0.72	0.43
Inventory	0.86	0.88	0.75	0.92	0.79	0.84	0.88	0.69	0.94	0.73	0.86	-0.28	0.72	0.97	0.42	0.88		0.27	0.31	0.88	0.68	0.96	0.34	0.85	0.57	0.36
Other Current Assets	0.38	0.39	0.37	0.4	0.36	0.37	0.36	0.32	0.33	0.43	0.39	0.01	0.43	0.19	0.12	0.37	0.27		0.17	0.38	0.33	0.38	0.25	0.36	0.28	0.2
Other Stockholder Equity	0.25	0.26	0.27	0.24	0.25	0.37	0.29	0.66	0.21	0.09	0.27	-0.52	0.08	0.23	-0.63	0.24	0.31	0.17		0.24	0.32	0.21	0.05	0.17	0.06	0.3
Total Liab	0.98	0.99	0.82	0.96	0.9	0.94	0.98	0.77	0.89	0.84	0.98	-0.07	0.85	0.88	0.36	1.0	0.88	0.38	0.24		0.8	0.93	0.58	0.88	0.73	0.43
Property Plant And Equipment Gross	0.89	0.84	0.54	0.67	0.96	0.92	0.84	0.9	0.55	0.62	0.88	-0.25	0.66	0.71	0.1	0.8	0.68	0.33	0.32	0.8		0.74	0.74	0.49	0.44	0.43
Total Current Assets	0.92	0.92	0.78	0.95	0.87	0.88	0.9	0.69	0.93	0.86	0.92	-0.18	0.86	0.96	0.5	0.93	0.96	0.38	0.21	0.93	0.74		0.51	0.88	0.64	0.46
Short Term Debt	0.68	0.62	0.24	0.45	0.75	0.71	0.57	0.61	0.3	0.67	0.67	-0.03	0.71	0.4	0.16	0.59	0.34	0.25	0.05	0.58	0.74	0.51		0.32	0.32	0.68
Intangible Assets	0.8	0.82	0.85	0.94	0.67	0.73	0.79	0.48	0.94	0.86	0.82	0.08	0.84	0.81	0.54	0.87	0.85	0.36	0.17	0.88	0.49	0.88	0.32		0.86	0.45
Other Liab	0.67	0.64	0.78	0.75	0.57	0.62	0.59	0.36	0.68	0.76	0.69	0.21	0.76	0.54	0.45	0.72	0.57	0.28	0.06	0.73	0.44	0.64	0.32	0.86		0.4
Other Assets	0.49	0.42	0.24	0.44	0.53	0.54	0.35	0.44	0.4	0.7	0.5	0.16	0.7	0.35	0.24	0.43	0.36	0.2	0.3	0.43	0.43	0.46	0.68	0.45	0.4

Click cells to compare fundamentals

Novanta Account Relationship Matchups

Novanta fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	869.7M	865.2M	1.2B	1.2B	1.2B	1.3B
Short Long Term Debt Total	254.5M	233.2M	480.2M	476.3M	404.6M	424.8M
Other Current Liab	74.0M	37.9M	90.9M	54.2M	54.8M	42.9M
Total Current Liabilities	134.8M	114.2M	183.9M	164.5M	139.2M	106.1M
Total Stockholder Equity	417.2M	476.8M	521.3M	577.6M	673.5M	707.1M
Property Plant And Equipment Net	112.7M	113.1M	135.8M	146.5M	147.8M	155.1M
Net Debt	175.5M	108.2M	362.8M	376.2M	299.5M	314.5M
Retained Earnings	(38.3M)	6.2M	56.5M	130.6M	203.5M	213.6M
Accounts Payable	52.6M	43.0M	68.5M	75.2M	57.2M	31.9M
Cash	78.9M	125.1M	117.4M	100.1M	105.1M	90.8M
Non Current Assets Total	565.2M	561.0M	854.1M	820.7M	810.8M	851.3M
Non Currrent Assets Other	11.6M	13.4M	17.8M	4.4M	5.6M	10.9M
Cash And Short Term Investments	78.9M	125.1M	117.4M	100.1M	105.1M	98.9M
Net Receivables	91.1M	75.1M	115.6M	137.7M	139.4M	79.9M
Common Stock Shares Outstanding	35.5M	35.7M	35.8M	35.9M	36.0M	26.5M
Liabilities And Stockholders Equity	869.7M	865.2M	1.2B	1.2B	1.2B	1.3B
Non Current Liabilities Total	317.7M	274.1M	522.7M	499.1M	413.4M	434.1M
Inventory	116.6M	92.7M	125.7M	168.0M	149.4M	86.1M
Other Current Assets	17.9M	19.4M	28.2M	14.7M	21.5M	17.7M
Other Stockholder Equity	49.7M	59.0M	53.8M	55.2M	70.2M	39.3M
Total Liab	452.6M	388.4M	706.6M	663.6M	552.6M	580.2M
Property Plant And Equipment Gross	112.7M	113.1M	135.8M	146.5M	250.8M	263.3M
Total Current Assets	304.5M	304.2M	373.8M	420.5M	415.3M	287.7M
Accumulated Other Comprehensive Income	(18.1M)	(12.2M)	(12.9M)	(32.0M)	(24.0M)	(22.8M)
Short Term Debt	5.0M	21.4M	13.0M	13.3M	13.9M	23.6M
Intangible Assets	166.2M	148.5M	221.0M	175.8M	145.0M	85.0M
Other Liab	53.4M	40.5M	47.6M	23.0M	26.4M	33.4M
Other Assets	11.6M	47.8M	17.8M	19.5M	22.5M	17.3M
Long Term Debt	215.3M	194.9M	429.4M	430.7M	349.4M	189.9M
Property Plant Equipment	77.6M	78.7M	135.8M	103.2M	118.7M	124.6M
Good Will	274.7M	286.0M	479.5M	478.9M	484.5M	508.7M
Current Deferred Revenue	3.2M	6.2M	7.0M	8.1M	5.6M	9.7M
Net Tangible Assets	(23.7M)	42.3M	(179.2M)	(77.1M)	(69.4M)	(65.9M)
Retained Earnings Total Equity	(38.3M)	6.2M	56.5M	130.6M	150.2M	157.7M
Long Term Debt Total	215.3M	194.9M	429.4M	430.7M	495.3M	520.0M
Capital Surpluse	49.7M	59.0M	53.8M	55.2M	63.4M	42.5M

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.

Explore Investing Ideas

Additional Tools for Novanta Stock Analysis

When running Novanta's price analysis, check to measure Novanta's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Novanta is operating at the current time. Most of Novanta's value examination focuses on studying past and present price action to predict the probability of Novanta's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Novanta's price. Additionally, you may evaluate how the addition of Novanta to your portfolios can decrease your overall portfolio volatility.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC