Novanta Inc Inventory Turnover Ratio (COS)

Cost of Sales Formula, Quarterly Results, Trends, Rankings, Statistics

Novanta Inc inventory turnover ratio, the Novanta Inc 's ability to sell and replace its inventory in the third quarter 2026, sequentially increased to 3.04 in the third quarter 2026, yet the ratio remained below the average, as NOVT's market remain challenging.Average processing period, for Novanta Inc 's inventories remained unchanged at 120 days, in the Oct 02 2026 quarter.

Within Capital Goods sector 135 other companies have achieved higher inventory turnover ratio. While in terms of ranking among all other companies, the company has moved form 1172 in the second quarter 2026, to 1225.

NOVT Inventory Turnover Ratio using Sales Formula
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What is Inventory Turnover Ratio?

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NOVT Inventory Turnover Ratio	(Oct 02 2026) III. Quarter	(Jul 03 2026) II. Quarter	(Apr 03 2026) I. Quarter	(Dec 31 2025) IV. Quarter	(Sep 26 2025) III. Quarter
Y / Y Inventory Growth	22.44 %	14.66 %	32.8 %	30.2 %	16.85 %
Y / Y Cost of Sales Growth	24.54 %	8.13 %	11.63 %	12.31 %	0.74 %
Inventory Turnover Ratio (TTM)	3.04	3.03	3.07	3.2	3.32
NOVT's Total Ranking	# 1225	# 1172	# 841	# 721	#
Average inventory processing period	120	121	119	114	110
Seq. Inventory Growth	14.35 %	-0.22 %	2.58 %	4.62 %	7.09 %
Seq. Cost of Sales Growth	16.89 %	0.62 %	-1.37 %	7.35 %	1.49 %

Inventory Turnover Ratio Company Ranking
Within:	No.
Industrial Machinery and Components Industry	# 59
Capital Goods Sector	# 136
Overall Market	# 1225

Inventory Turnover Ratio Statistics
High	Average	Low
3.78	3.37	3
(Oct 01 2021)		(Jun 30 2023)

NOVT Company Profile >> Back to NOVT Efficiency Comparisons >> Compare NOVT Inventory Turnover Ratio to its Competitors

Financial Statements
Novanta Inc 's Inventories	$ 220 Millions	Visit NOVT's Balance sheet
Novanta Inc 's Cost of Revenues TTM	$ 604 Millions	Visit NOVT's Income Statement
What are NOVT's Sales?		Visit NOVT's Sales by Segment

Other Inventory Turnover Ratios
Novanta Inc 's Inventory to Sales Ratio
U.S. Durable Goods Inventory to Shipment Ratio By Product
Industrial Machinery and Components Industry Inventory Turnover Trends and Statistics
Capital Goods Sector Inventory Turnover Statistics
Inventory Turnover Trends for overall market
NOVT's Inventory Turnover Ratio versus Industrial Machinery and Components Industry, Capital Goods Sector and total Market
Highest Ranking Inventory Turnover
Lowest Ranking Inventory Turnover
Inventory Turnover for NOVT's Competitors
Inventory Turnover Ratio for NOVT's Suppliers
Inventory Turnover Ratio for NOVT's Customers

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NOVT's Sales Growth Rates	NOVT's Pe Price to earnings ratio	NOVT's Receivables Turnover Ratio	NOVT's Stock Quote
NOVT's Net Income Growth Rates	NOVT's Ps Price to Sales ratio	NOVT's Sales per Employee	NOVT's Asset Turnover Ratio
NOVT's Net Margin	NOVT's Pb Price to Book ratio	NOVT's Financial Strength Ratios	NOVT's Dividend Payout Ratio

Companies with similar Inventory Turnover Ratio for the quarter ending Oct 02 2026, within Capital Goods Sector	Inventory Turnover Ratio	Cost of revenues at quarter ending Oct 02 2026	Inventories at quarter ending Oct 02 2026
Park Aerospace Corp	6.96	$ 54.592 Millions	$ 8 Millions
Applied Industrial Technologies Inc	6.79	$ 3,519.426 Millions	$ 518 Millions
Nvent Electric Plc	6.46	$ 3,360.300 Millions	$ 520 Millions
Cavco Industries Inc	6.34	$ 1,852.431 Millions	$ 292 Millions
Nn Inc	6.06	$ 413.817 Millions	$ 68 Millions
Winnebago Industries Inc	5.72	$ 2,352.200 Millions	$ 411 Millions
Mastercraft Boat Holdings Inc	5.70	$ 336.303 Millions	$ 59 Millions
Kratos Defense and Security Solutions inc	5.67	$ 1,267.500 Millions	$ 224 Millions
Array Technologies Inc	5.43	$ 871.454 Millions	$ 161 Millions
Xylem Inc	5.40	$ 5,454.000 Millions	$ 1,011 Millions
The Gorman rupp Company	5.37	$ 489.188 Millions	$ 91 Millions
Textron Inc	5.26	$ 24,203.000 Millions	$ 4,605 Millions
Aaon Inc	5.24	$ 1,680.376 Millions	$ 320 Millions
Trane Technologies Plc	5.14	$ 12,504.600 Millions	$ 2,430 Millions
Illinois Tool Works Inc	4.90	$ 8,537.000 Millions	$ 1,741 Millions
Snap on Inc	4.87	$ 5,080.200 Millions	$ 1,043 Millions
Hyster yale Inc	4.44	$ 2,851.200 Millions	$ 643 Millions
Lincoln Electric Holdings Inc	4.41	$ 2,994.917 Millions	$ 679 Millions
Spx Technologies Inc	4.33	$ 1,561.300 Millions	$ 360 Millions
Zebra Technologies Corporation	4.18	$ 3,138.000 Millions	$ 751 Millions
Terex Corporation	4.07	$ 6,154.000 Millions	$ 1,513 Millions
Idex Corp	3.97	$ 2,016.800 Millions	$ 507 Millions
Chicago Rivet and Machine Co	3.95	$ 25.247 Millions	$ 6 Millions
Standex International Corp	3.92	$ 521.192 Millions	$ 133 Millions
Eaton Corporation Plc	3.92	$ 20,774.000 Millions	$ 5,306 Millions
Graham Corporation	3.91	$ 199.628 Millions	$ 51 Millions
Littelfuse Inc	3.86	$ 1,651.890 Millions	$ 428 Millions
Distribution Solutions Group Inc	3.78	$ 1,424.074 Millions	$ 376 Millions
Flowserve Corp	3.78	$ 3,093.226 Millions	$ 819 Millions
Itt Inc	3.77	$ 3,316.200 Millions	$ 880 Millions

Date modified: 2026-11-10T10:00:02+00:00

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