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Novagant (NVGT) Asset Utilization Ratio (2021 - 2023)

Novagant (NVGT) has disclosed Asset Utilization Ratio for 3 consecutive years, with 3.34 as the latest value for Q4 2023.

  • Quarterly Asset Utilization Ratio rose 33.5% to 3.34 in Q4 2023 from the year-ago period, while the trailing twelve-month figure was 3.34 through Dec 2023, up 33.5% year-over-year, with the annual reading at 2.94 for FY2023, 40.32% up from the prior year.
  • Asset Utilization Ratio for Q4 2023 was 3.34 at Novagant, up from 3.28 in the prior quarter.
  • The five-year high for Asset Utilization Ratio was 4.31 in Q1 2023, with the low at 1.17 in Q1 2022.
  • Average Asset Utilization Ratio over 3 years is 2.78, with a median of 2.5 recorded in 2022.
  • The sharpest move saw Asset Utilization Ratio grew 18.34% in 2022, then skyrocketed 269.42% in 2023.
  • Over 3 years, Asset Utilization Ratio stood at 2.11 in 2021, then rose by 18.34% to 2.5 in 2022, then surged by 33.5% to 3.34 in 2023.
  • According to Business Quant data, Asset Utilization Ratio over the past three periods came in at 3.34, 3.28, and 3.99 for Q4 2023, Q3 2023, and Q2 2023 respectively.