Accounts Receivable turnover ratio remained unchanged during the second quarter 2026, compared to the previous quarter at 5.82 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 Jul 03 2026 quarter.

If we take a look into Capital Goods sector 171 other companies have achieved higher receivables turnover ratio. While receivables turnover ratio total ranking has improved thus far to 2283, from overall ranking in the first quarter 2026 at 2645.

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

What is Receivable Turnover Ratio?

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NOVT Receivables Turnover Ratio	(Jul 03 2026) II. Quarter	(Apr 03 2026) I. Quarter	(Dec 31 2025) IV. Quarter	(Sep 26 2025) III. Quarter	(Jun 27 2025) II. Quarter
Y / Y Receivable Change	10.88 %	5.93 %	22.42 %	3.68 %	11.15 %
Y / Y Revenue Change	10.41 %	10.38 %	8.83 %	1.11 %	2.15 %
Receivable Turnover Ratio (TTM)	5.82	5.82	5.76	5.93	5.97
NOVT's Total Ranking	# 2283	# 2645	# 2304	# 2335	# 2321
Accounts Receivable average collection period days	63	63	63	62	61
Seq. Receivable Change	2.77 %	-5.92 %	8.39 %	5.81 %	-1.83 %
Seq. Revenue Change	3.19 %	-0.65 %	5 %	2.56 %	3.17 %

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	$ 179 Millions	Visit NOVT's Balance sheet
Novanta Inc 's Sales TTM	$ 1,030 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 Jul 03 2026, within Capital Goods Sector	Receivable Turnover Ratio	Revenues for 12 Months ending Jul 03 2026	Receivable at quarter ending Jul 03 2026
Winnebago Industries Inc	15.12	$ 2,835.500 Millions	$ 187.550 Millions
Fluor Corporation	15.03	$ 15,535.000 Millions	$ 1,033.500 Millions
Kb Home	14.81	$ 5,504.298 Millions	$ 371.550 Millions
Sunrun Inc	14.20	$ 3,475.609 Millions	$ 244.709 Millions
Redwire Corporation	14.11	$ 427.190 Millions	$ 30.266 Millions
Shimmick Corporation	13.75	$ 437.281 Millions	$ 31.805 Millions
Momentus Inc	13.66	$ 3.439 Millions	$ 0.252 Millions
Joby Aviation Inc	13.53	$ 116.295 Millions	$ 8.593 Millions
Symbotic Inc	13.31	$ 2,644.671 Millions	$ 198.642 Millions
Expion360 Inc	12.92	$ 8.209 Millions	$ 0.635 Millions
Smith and Wesson Brands Inc	12.85	$ 550.914 Millions	$ 42.857 Millions
Byrna Technologies Inc	12.09	$ 107.956 Millions	$ 8.928 Millions
Stanley Black and Decker Inc	11.62	$ 15,247.700 Millions	$ 1,312.175 Millions
Leonardo Drs Inc	11.59	$ 3,779.000 Millions	$ 326.000 Millions
Hillman Solutions Corp	11.58	$ 1,602.402 Millions	$ 138.330 Millions
Greystone Logistics Inc	11.57	$ 26.072 Millions	$ 2.252 Millions
Cpi Aerostructures Inc	11.20	$ 73.305 Millions	$ 6.543 Millions
Regal Rexnord Corp	11.07	$ 6,057.800 Millions	$ 547.375 Millions
Ies Holdings Inc	10.10	$ 3,985.742 Millions	$ 394.744 Millions
Arts Way Manufacturing Co Inc	10.03	$ 25.992 Millions	$ 2.591 Millions
Willdan Group inc	10.00	$ 740.880 Millions	$ 74.092 Millions
Mastec Inc	9.81	$ 16,109.932 Millions	$ 1,642.694 Millions
Fluence Energy Inc	9.79	$ 2,632.430 Millions	$ 268.977 Millions
Cvd Equipment Corporation	9.74	$ 15.620 Millions	$ 1.604 Millions
Acorn Energy Inc	9.37	$ 8.908 Millions	$ 0.951 Millions
Compx International inc	9.24	$ 161.992 Millions	$ 17.538 Millions
Kratos Defense and Security Solutions inc	9.12	$ 1,521.600 Millions	$ 166.775 Millions
Laser Photonics Corporation	9.04	$ 5.766 Millions	$ 0.638 Millions
Enovix Corporation	8.76	$ 35.242 Millions	$ 4.023 Millions
Taylor Devices Inc	8.72	$ 41.650 Millions	$ 4.778 Millions

Date modified: 2026-09-11T09:45:31+00:00

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