Novanta Inc (NOVT) — Capital Reinvestment Ratio
Novanta Inc (NOVT) has a Capital Reinvestment Ratio of 0.08x as of March 2026, meaning it reinvests 0% of its operating cash flow ($50.31 Million) in capital expenditures ($4.14 Million). Check Novanta Inc tangible equity quality to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Novanta Inc Capital Reinvestment Ratio (2002–2025)
This chart tracks Novanta Inc's Capital Reinvestment Ratio across 23 annual periods. For the full cash flow conversion analysis, see Novanta Inc cash flow conversion.
Annual Capital Reinvestment Ratio for Novanta Inc (2002–2025)
Year-by-year Capital Reinvestment Ratio for Novanta Inc from 2002 to 2025. See NOVT cash flow after capex ratio to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.24x | $64.06 Million | $15.63 Million | ▲ +125.3% |
| 2024 | 0.11x | $158.51 Million | $17.16 Million | ▼ -34.9% |
| 2023 | 0.17x | $120.08 Million | $19.96 Million | ▼ -23.2% |
| 2022 | 0.22x | $90.78 Million | $19.64 Million | ▼ -7.7% |
| 2021 | 0.23x | $94.62 Million | $22.18 Million | ▲ +212.3% |
| 2020 | 0.08x | $140.24 Million | $10.52 Million | ▼ -55.8% |
| 2019 | 0.17x | $63.25 Million | $10.74 Million | ▲ +3.9% |
| 2018 | 0.16x | $89.65 Million | $14.66 Million | ▲ +14.0% |
| 2017 | 0.14x | $63.38 Million | $9.09 Million | ▼ -19.0% |
| 2016 | 0.18x | $47.79 Million | $8.46 Million | ▲ +6.6% |
| 2015 | 0.17x | $33.42 Million | $5.55 Million | ▲ +29.8% |
| 2014 | 0.13x | $42.29 Million | $5.42 Million | ▲ +26.3% |
| 2013 | 0.10x | $49.20 Million | $4.99 Million | ▼ -33.1% |
| 2012 | 0.15x | $28.43 Million | $4.31 Million | ▲ +62.3% |
| 2011 | 0.09x | $45.17 Million | $4.22 Million | ▼ -99.1% |
| 2009 | 9.94x | $38.90 Million | $386.66 Million | ▲ +0.0% |
| 2008 | 9.94x | $38.90 Million | $386.66 Million | ▲ +7932.1% |
| 2007 | 0.12x | $37.49 Million | $4.64 Million | ▼ -49.0% |
| 2006 | 0.24x | $35.26 Million | $8.56 Million | ▼ -66.7% |
| 2005 | 0.73x | $4.86 Million | $3.55 Million | ▲ +972.3% |
| 2004 | 0.07x | $35.40 Million | $2.41 Million | ▼ -93.1% |
| 2003 | 0.99x | $21.83 Million | $21.62 Million | ▲ +293.2% |
| 2002 | 0.25x | $11.72 Million | $2.95 Million | — |