Novanta Inc. Tangible Equity Units
Novanta Inc., together with its subsidiaries, provides precision medicine, precision manufacturing, medical solutions, robotics and automation solutions, and advanced surgery solutions in the United States and internationally. It operates in two segments, Automation Enabling Technologies and Medical Solutions. The Precision Medicine and Manufacturing segment designs, manufactures, and markets las… Read more
Novanta Inc. Tangible Equity Units (NOVTU) - Total Assets
Latest total assets as of September 2025: $1.51 Billion USD
Based on the latest financial reports, Novanta Inc. Tangible Equity Units (NOVTU) holds total assets worth $1.51 Billion USD as of September 2025.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
Novanta Inc. Tangible Equity Units - Total Assets Trend (2021–2024)
This chart illustrates how Novanta Inc. Tangible Equity Units’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Novanta Inc. Tangible Equity Units - Asset Composition Analysis
Current Asset Composition (December 2024)
Novanta Inc. Tangible Equity Units's total assets of $1.51 Billion consist of 31.2% current assets and 68.8% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 8.2% |
| Accounts Receivable | $151.03 Million | 10.9% |
| Inventory | $144.61 Million | 10.4% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $185.84 Million | 13.4% |
| Goodwill | $584.10 Million | 42.1% |
Asset Composition Trend (2021–2024)
This chart illustrates how Novanta Inc. Tangible Equity Units's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Novanta Inc. Tangible Equity Units's current assets represent 31.2% of total assets in 2024, an increase from 30.4% in 2021.
- Cash Position: Cash and equivalents constituted 8.2% of total assets in 2024, down from 9.6% in 2021.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 55.0% of total assets, a decrease from 57.0% in 2021.
- Asset Diversification: The largest asset category is goodwill at 42.1% of total assets.
Novanta Inc. Tangible Equity Units Competitors by Total Assets
Key competitors of Novanta Inc. Tangible Equity Units based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Beijing BDStar Navigation Co Ltd
SHE:002151
|
China | CN¥6.56 Billion |
|
Oriental Times Media Corp
SHE:002175
|
China | CN¥983.41 Million |
|
Changchun UP Optotech Co Ltd
SHE:002338
|
China | CN¥2.50 Billion |
|
Nanjing Sciyon Automation Group Co Ltd
SHE:002380
|
China | CN¥3.87 Billion |
|
Jiangsu Changfa Refrigeration Co Ltd
SHE:002413
|
China | CN¥5.09 Billion |
|
Wuhan Guide Infrared Co Ltd
SHE:002414
|
China | CN¥10.53 Billion |
|
Shenzhen Jieshun Science and Technology Industry Co Ltd
SHE:002609
|
China | CN¥3.99 Billion |
|
Beijing SDL Technology Co Ltd
SHE:002658
|
China | CN¥3.08 Billion |
Novanta Inc. Tangible Equity Units - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Moderate asset utilization - Novanta Inc. Tangible Equity Units generates 0.68x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Moderate ROA - For every $100 in assets, Novanta Inc. Tangible Equity Units generates $ 4.62 in net profit.
Novanta Inc. Tangible Equity Units - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 2.51 | 2.79 | 2.79 |
| Quick Ratio | 1.54 | 1.81 | 1.81 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $281.56 Million | $ 280.33 Million | $ 280.33 Million |
Novanta Inc. Tangible Equity Units - Advanced Valuation Insights
This section examines the relationship between Novanta Inc. Tangible Equity Units's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | - |
| Latest Market Cap to Assets Ratio | 0.00 |
| Asset Growth Rate (YoY) | 13.3% |
| Total Assets | $1.39 Billion |
| Market Capitalization | $519.19K USD |
Valuation Analysis
Below Book Valuation: The market values Novanta Inc. Tangible Equity Units's assets below their book value (0.00 x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: Novanta Inc. Tangible Equity Units's assets grew by 13.3% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Novanta Inc. Tangible Equity Units (2021–2024)
The table below shows the annual total assets of Novanta Inc. Tangible Equity Units from 2021 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | $1.39 Billion | +13.25% |
| 2023-12-31 | $1.23 Billion | -1.22% |
| 2022-12-31 | $1.24 Billion | +1.09% |
| 2021-12-31 | $1.23 Billion | -- |