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
DateValue
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