Northern Technologies International (NTIC) Asset Utilization Ratio (2011 - 2026)
Northern Technologies International's (NTIC) Asset Utilization Ratio came in at 0.87 for fiscal Q3 2026 (quarter ended May 31, 2026), down 2.0% from 0.88 a year earlier but up 1.5% from the prior quarter.
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Analysis
Northern Technologies International (NTIC) Asset Utilization Ratio (2011 - 2026) Analysis & Trends
For FY2025 (ended Aug 31, 2025), Northern Technologies International's Asset Utilization Ratio stood at 0.85, down 7.7% from FY2024.
- In prior fiscal years, Northern Technologies International's Asset Utilization Ratio was 0.92 in FY2024 (+1.5%), 0.91 in FY2023 (-1.4%), 0.92 in FY2022 (+14.8%) and 0.80 in FY2021 (+12.8%).
- Quarterly Asset Utilization Ratio has run from a low of 0.77 in fiscal Q4 2021 to a high of 0.94 in fiscal Q2 2024 over five years.
- On a year-over-year basis, Asset Utilization Ratio has declined in each of the last six quarters, with an average decline of 4.0% over the last eight quarters.
- The strongest year-over-year quarter for Asset Utilization Ratio in the past five years was fiscal Q2 2022, with growth of 21.2%; the weakest was fiscal Q4 2025, with a decline of 9.8%.
- According to Business Quant data, Asset Utilization Ratio for the three prior fiscal quarters was 0.85 (Q2 2026), 0.83 (Q1 2026) and 0.83 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | Linde | 231.10 Bn | 212.68 Bn | 4.43 Bn | 0.41 |
| 2 | Corning | 116.27 Bn | 108.84 Bn | 1.63 Bn | 0.53 |
| 3 | Sherwin Williams | 81.92 Bn | 80.96 Bn | 3.34 Bn | 0.92 |
| 4 | Air Products & Chemicals | 67.19 Bn | 62.38 Bn | 1.04 Bn | 0.31 |
| 5 | LyondellBasell Industries | 40.61 Bn | 30.12 Bn | 2.04 Bn | 0.91 |
| 6 | Nutrien | 33.10 Bn | 29.93 Bn | 3.25 Bn | 0.52 |
| 7 | Qnity Electronics | 25.17 Bn | 22.31 Bn | 666.00 Mn | 0.37 |
| 8 | Ati | 24.67 Bn | 22.70 Bn | 309.80 Mn | 0.86 |
| 9 | Ppg Industries | 24.32 Bn | 16.98 Bn | 1.81 Bn | 0.73 |
| 10 | Northern Technologies International | 72.65 Mn | 45.26 Mn | 8.14 Mn | 0.87 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| May 31, 2026 | 0.87 |
| Feb 28, 2026 | 0.85 |
| Nov 30, 2025 | 0.83 |
| Aug 31, 2025 | 0.83 |
| May 31, 2025 | 0.88 |
| Feb 28, 2025 | 0.90 |
| Nov 30, 2024 | 0.91 |
| Aug 31, 2024 | 0.92 |
| May 31, 2024 | 0.93 |
| Feb 29, 2024 | 0.94 |
| Nov 30, 2023 | 0.90 |
| Aug 31, 2023 | 0.91 |
| May 31, 2023 | 0.92 |
| Feb 28, 2023 | 0.91 |
| Nov 30, 2022 | 0.89 |
| Aug 31, 2022 | 0.87 |
| May 31, 2022 | 0.82 |
| Feb 28, 2022 | 0.78 |
| Nov 30, 2021 | 0.79 |
| Aug 31, 2021 | 0.77 |
API Access
Northern Technologies International 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=NTIC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "asset-utilization-ratio", "ticker": "NTIC", "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=NTIC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();