Novanta (NOVT) Asset Utilization Ratio (2011 - 2026)

Novanta has reported Asset Utilization Ratio for 16 years, with the latest figure at 0.56 in Q2 2026.

• For the quarter ending Q2 2026, Asset Utilization Ratio fell 18.77% year-over-year to 0.56; the trailing twelve-month figure through Apr 2026 stood at 0.56 (down 18.77% YoY), and the FY2025 full-year result was 0.61, down 15.48% from the prior year.
• Asset Utilization Ratio for Q2 2026 stood at 0.56, down from 0.59 in the prior quarter.
• The five-year high for Asset Utilization Ratio was 0.73 in Q3 2023, with the low at 0.56 in Q2 2026.
• Historically, Asset Utilization Ratio has averaged 0.67 across 5 years, with a median of 0.68 in 2024.
• Annual changes were most pronounced in 2022 — Asset Utilization Ratio climbed 21.28% — and 2026, when it slipped 18.77%.
• Novanta's Asset Utilization Ratio stood at 0.7 in 2022, then climbed by 3.61% to 0.73 in 2023, then dropped by 7.18% to 0.68 in 2024, then retreated by 12.46% to 0.59 in 2025, then fell by 5.85% to 0.56 in 2026.
• The last three Asset Utilization Ratio figures came in at 0.56 (Q2 2026), 0.59 (Q4 2025), and 0.64 (Q3 2025), per Business Quant data.