Novanta Inc 's ability to collect accounts receivable sequentially worsen to 5.76, pointing to a challenging and on top of that deteriorating business climate for the Industrial Machinery and Components industry. Average collection period, for Novanta Inc 's accounts receivable remained unchanged at 63 days, in the Oct 02 2026 quarter.

If we take a look into Capital Goods sector 171 other companies have achieved higher receivables turnover ratio. While total ranking has deteriorated relative to the period ending Oct 02 2026 from 1620 to 2283.

What is Receivable Turnover Ratio?
What is Novanta Inc Selling?

What is Receivable Turnover Ratio?

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NOVT Receivables 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 Receivable Change	27.75 %	10.88 %	5.93 %	22.42 %	3.68 %
Y / Y Revenue Change	23.52 %	10.41 %	10.38 %	8.83 %	1.11 %
Receivable Turnover Ratio (TTM)	5.76	5.82	5.82	5.76	5.93
NOVT's Total Ranking	# 2283	# 1620	# 1554	# 1337	#
Accounts Receivable average collection period days	63	63	63	63	62
Seq. Receivable Change	21.9 %	2.77 %	-5.92 %	8.39 %	5.81 %
Seq. Revenue Change	14.75 %	3.19 %	-0.65 %	5 %	2.56 %

Receivable Turnover Company Ranking
Within:	No.
Industrial Machinery and Components Industry	# 58
Capital Goods Sector	# 172
Overall Market	# 2283

Receivable Turnover Ratio Statistics
High	Average	Low
9.46	6.69	5.76
(Jul 02 2021)		(Dec 31 2025)

NOVT Company Profile • Back to NOVT Efficiency Comparisons • Compare NOVT Receivables Turnover Ratio to its Competitors

Financial Statements
Novanta Inc 's Accounts Receivable	$ 218 Millions	Visit NOVT's Balance sheet
Novanta Inc 's Sales TTM	$ 1,088 Millions	Visit NOVT's Income Statement
Sources of NOVT's Revenues		Visit NOVT's Sales by Geography

Other Accounts Receivable Turnover Ratios
Industrial Machinery and Components Industry Accounts Receivable Turnover Trends and Statistics
Capital Goods Sector Accounts Receivable Turnover Statistics
Accounts Receivables Turnover Trends for overall market
NOVT's Receivable Turnover Ratio versus Industrial Machinery and Components Industry, Capital Goods Sector and total Market
Highest Ranking Accounts Receivables Turnover
Lowest Ranking Accounts Receivables Turnover

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NOVT's Growth Rates	NOVT's Roa	NOVT's Inventory Turnover Ratio	NOVT's Dividend Comparisons
NOVT's Profitability Ratios	NOVT's Roi	NOVT's Asset Turnover Ratio	NOVT's Dividend Growth
NOVT's Valuation Ratios	NOVT's Roe	NOVT's Financial Strength Ratios	NOVT's Dividend Payout Ratio

Companies with similar Receivables Turnover Ratio for the quarter ending Oct 02 2026, within Capital Goods Sector	Receivable Turnover Ratio	Revenues for 12 Months ending Oct 02 2026	Receivable at quarter ending Oct 02 2026
Greystone Logistics Inc	13.07	$ 21.075 Millions	$ 1.612 Millions
Byrna Technologies Inc	12.98	$ 95.330 Millions	$ 7.344 Millions
Ekso Bionics Holdings Inc	11.99	$ 95.745 Millions	$ 7.986 Millions
Leonardo Drs Inc	11.64	$ 3,885.000 Millions	$ 333.750 Millions
Hillman Solutions Corp	11.34	$ 1,634.951 Millions	$ 144.135 Millions
Regal Rexnord Corp	10.85	$ 6,149.600 Millions	$ 566.550 Millions
Ampco pittsburgh Corp	10.59	$ 431.732 Millions	$ 40.753 Millions
Sono Tek Corp	10.50	$ 21.507 Millions	$ 2.048 Millions
Wabash National Corporation	9.38	$ 1,522.659 Millions	$ 162.373 Millions
Mastec Inc	9.32	$ 17,295.320 Millions	$ 1,854.819 Millions
Beta Technologies Inc	9.29	$ 53.295 Millions	$ 5.735 Millions
Kratos Defense and Security Solutions inc	9.12	$ 1,646.300 Millions	$ 180.500 Millions
Taylor Devices Inc	8.69	$ 39.032 Millions	$ 4.490 Millions
Aar Corp	8.69	$ 3,485.600 Millions	$ 401.050 Millions
Jbt Marel Corporation	8.50	$ 3,771.800 Millions	$ 443.725 Millions
Agco Corp	8.47	$ 10,136.700 Millions	$ 1,196.225 Millions
Bloom Energy Corporation	8.40	$ 3,829.939 Millions	$ 456.018 Millions
Siteone Landscape Supply Inc	8.02	$ 4,807.400 Millions	$ 599.225 Millions
Nextpower Inc	7.99	$ 3,834.315 Millions	$ 479.629 Millions
Lincoln Electric Holdings Inc	7.98	$ 4,642.022 Millions	$ 581.690 Millions
Hudson Technologies Inc	7.81	$ 241.508 Millions	$ 30.904 Millions
Ouster Inc	7.78	$ 224.241 Millions	$ 28.828 Millions
Badger Meter Inc	7.74	$ 881.573 Millions	$ 113.927 Millions
Zurn Elkay Water Solutions Corporation	7.59	$ 1,827.700 Millions	$ 240.825 Millions
Terex Corporation	7.56	$ 7,487.000 Millions	$ 990.750 Millions
Ceco Environmental Corp	7.54	$ 850.514 Millions	$ 112.859 Millions
Arts Way Manufacturing Co Inc	7.51	$ 25.175 Millions	$ 3.353 Millions
Carrier Global Corporation	7.29	$ 22,792.000 Millions	$ 3,128.500 Millions
Lennox International Inc	7.20	$ 5,447.900 Millions	$ 756.525 Millions
The Eastern Company	7.15	$ 254.007 Millions	$ 35.506 Millions

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

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