Novonix (NVX) Short-term Investments (2022 - 2024)
Novonix (NVX) posted quarterly Short-term Investments of $16.3 million for Q2 2024, up 1.95% year-on-year from $16.0 million in Q3 2023, and down 1.98% on a QoQ basis from $16.7 million in Q4 2023.
Novonix (NVX) Short-term Investments (2022 - 2024) Analysis & Trends
Novonix (NVX) has reported Short-term Investments for 3 consecutive years, with $16.3 million the latest figure, recorded in Q2 2024.
- Quarterly Short-term Investments rose 1.95% year-over-year to $16.3 million in Q2 2024, while the trailing twelve-month figure through Jun 2024 was $16.3 million (up 1.95% YoY) and the FY2023 annual result came in at $16.7 million, up 1.07% from the prior year.
- Short-term Investments slipped to $16.3 million in Q2 2024 per NVX's latest filing, from $16.7 million in the prior quarter.
- Over the last five years, Short-term Investments for NVX reached as high as $17.1 million in Q2 2022 and fell as low as $16.0 million in Q2 2023.
- A 3-year average of $16.5 million and a median of $16.5 million in 2022 frame the typical range for Short-term Investments.
- Annual changes were most pronounced in 2023 — Short-term Investments fell 6.17% — and 2024, when it advanced 1.95%.
- Year by year, Short-term Investments stood at $16.5 million in 2022, then climbed by 1.07% to $16.7 million in 2023, then slipped by 1.98% to $16.3 million in 2024.
- According to Business Quant data, Short-term Investments over the past three periods registered $16.3 million, $16.7 million, and $16.0 million for Q2 2024, Q4 2023, and Q2 2023 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Electrovaya | 424.38 Bn | 424.36 Bn | 6.04 Mn |
| 2 | Vertiv Holdings | 116.45 Bn | 113.95 Bn | 999.70 Mn |
| 3 | Bloom Energy | 61.23 Bn | 58.77 Bn | 225.54 Mn |
| 4 | Hubbell | 25.93 Bn | 25.43 Bn | 505.30 Mn |
| 5 | nVent Electric | 25.66 Bn | 25.47 Bn | 445.60 Mn |
| 6 | Advanced Energy Industries | 11.88 Bn | 11.18 Bn | 200.90 Mn |
| 7 | Acuity Inc. (De) | 9.90 Bn | 9.48 Bn | 606.40 Mn |
| 8 | Powell Industries | 9.42 Bn | 8.87 Bn | 87.94 Mn |
| 9 | EnerSys | 7.49 Bn | 7.05 Bn | 290.87 Mn |
| 10 | Novonix | 286.30 Mn | 199.21 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2024 | 16.34 Mn |
| Dec 31, 2023 | 16.67 Mn |
| Jun 30, 2023 | 16.02 Mn |
| Dec 31, 2022 | 16.49 Mn |
| Jun 30, 2022 | 17.08 Mn |