What is Novanta's inventory turnover?

Novanta (NOVT) reported inventory turnover of 3.3× in Q1 2026.

How has Novanta's inventory turnover changed year-over-year?

Novanta's inventory turnover decreased by 3.5% year-over-year, from 3.4× to 3.3×.

What is the long-term trend for Novanta's inventory turnover?

Over 5 years (2020 to 2025), Novanta's inventory turnover has grown at a -0.2% compound annual growth rate (CAGR), from 3.3× to 3.3×.

What does inventory turnover mean?

Trailing-twelve-month cost of revenue divided by average inventory. Measures how many times inventory is sold and replaced over the year.

Novanta NOVT Inventory turnover

Inventory turnover at other companies

StrykerSYK

1.7×+0.1×

CoherentCOHR

2.4×-0.4×

Intuitive SurgicalISRG

2×0.0×

Onto InnovationONTO

1.7×+0.2×

NordsonNDSN

2.8×+0.1×

Globus MedicalGMED

1.4×+0.1×

Other financials

Income statement

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Revenue$257.7M+10.4%

Gross profit$113.6M+8.8%

Operating income$27.5M-15.1%

Net income$21.1M-0.5%

EPS (diluted)$0.51-13.6%

Balance sheet

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Cash & equivalents$388.8M+267%

Total debt$291.3M-34.2%

Total equity$1.3B+70.3%

Total assets$1.8B+29.9%

Cash flow

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Operating cash flow$51.6M+62.9%

CapEx$4.1M-3.4%

Free cash flow$47.5M+73.2%

Valuation

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Market cap$5.53B-8.3%

Profitability

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Gross margin44.2%-0.5pp

Operating margin8.9%-3.5pp

Net margin5.3%-2.1pp

FCF margin6.8%-8.1pp

Returns & leverage

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Return on equity5.2%-4.6pp

Debt / equity0.2×-0.4×

Current ratio3.6×+1.0×

Where this comes from

Calculated from Novanta’s reported figures.

total cost of revenue/inventories=3.3×

Based on trailing twelve months.

The official record: Novanta’s 10-Q, filed May 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Novanta's inventory turnover?: Novanta (NOVT) reported inventory turnover of 3.3× in Q1 2026.
How has Novanta's inventory turnover changed year-over-year?: Novanta's inventory turnover decreased by 3.5% year-over-year, from 3.4× to 3.3×.
What is the long-term trend for Novanta's inventory turnover?: Over 5 years (2020 to 2025), Novanta's inventory turnover has grown at a -0.2% compound annual growth rate (CAGR), from 3.3× to 3.3×.
What does inventory turnover mean?: Trailing-twelve-month cost of revenue divided by average inventory. Measures how many times inventory is sold and replaced over the year.