Novanta (NOVTU) Asset Utilization Ratio (2011 - 2026)
Novanta's Asset Utilization Ratio was 0.52 in Q2 2026, down 20.9% from 0.66 a year earlier and down 6.2% from the prior quarter.
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Analysis
Novanta (NOVTU) Asset Utilization Ratio (2011 - 2026) Analysis & Trends
For FY2025, Asset Utilization Ratio at Novanta came in at 0.61, down 15.5% from FY2024.
- In earlier years, Asset Utilization Ratio was 0.73 in FY2024 (+1.6%), 0.71 in FY2023 (+2.5%), 0.70 in FY2022 (+3.3%) and 0.68 in FY2021 (-0.8%).
- The Q2 2026 figure marks the lowest quarterly Asset Utilization Ratio in data going back to Q3 2011.
- Compared with a year earlier, Asset Utilization Ratio has declined for four straight quarters, with an average decline of 8.5% over the last eight quarters.
- The best year-over-year quarter for Asset Utilization Ratio over five years was Q4 2022 (growth of 21.3%); the worst was Q2 2026 (a decline of 20.9%).
- Per Business Quant data, NOVTU's Asset Utilization Ratio in the three quarters before Q2 2026 was 0.56 (Q1 2026), 0.59 (Q4 2025) and 0.64 (Q3 2025).
Peer Set
Peer Comparison
Historic Data
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Historic Data
| Date | Value |
|---|---|
| Jul 3, 2026 | 0.52 |
| Apr 3, 2026 | 0.56 |
| Dec 31, 2025 | 0.59 |
| Sep 26, 2025 | 0.64 |
| Jun 27, 2025 | 0.66 |
| Mar 28, 2025 | 0.69 |
| Dec 31, 2024 | 0.68 |
| Sep 27, 2024 | 0.66 |
| Jun 28, 2024 | 0.64 |
| Mar 29, 2024 | 0.68 |
| Dec 31, 2023 | 0.73 |
| Sep 29, 2023 | 0.73 |
| Jun 30, 2023 | 0.72 |
| Mar 31, 2023 | 0.71 |
| Dec 31, 2022 | 0.70 |
| Sep 30, 2022 | 0.70 |
| Jul 1, 2022 | 0.66 |
| Apr 1, 2022 | 0.61 |
| Dec 31, 2021 | 0.58 |
| Oct 1, 2021 | 0.63 |
API Access
Novanta Asset Utilization Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=asset-utilization-ratio&ticker=NOVTU&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "asset-utilization-ratio", "ticker": "NOVTU", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=asset-utilization-ratio&ticker=NOVTU&period=max&api_key=YOUR_API_KEY");
const data = await res.json();