Novanta Inc 's ability to collect its outstanding accounts receivable from its corporate clients, has improved in the first quarter 2026 to a ratio of 5.82, above the company average. This is a clear sign of healthy business climate in the Industrial Machinery and Components industry and improving liquidity at their respective customers, during the first quarter 2026. Average collection period, for Novanta Inc 's accounts receivable remained unchanged at 63 days, in the Apr 03 2026 quarter.

If we take a look into Capital Goods sector 173 other companies have achieved higher receivables turnover ratio. While total ranking has deteriorated relative to the period ending Apr 03 2026 from 1554 to 1620.

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

What is Receivable Turnover Ratio?

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NOVT Receivables Turnover Ratio	(Apr 03 2026) I. Quarter	(Dec 31 2025) IV. Quarter	(Sep 26 2025) III. Quarter	(Jun 27 2025) II. Quarter	(Mar 28 2025) I. Quarter
Y / Y Receivable Change	5.93 %	22.42 %	3.68 %	11.15 %	8.81 %
Y / Y Revenue Change	10.38 %	8.83 %	1.11 %	2.15 %	1.28 %
Receivable Turnover Ratio (TTM)	5.82	5.76	5.93	5.97	6.09
NOVT's Total Ranking	# 1620	# 1554	# 1337	# 1421	# 1405
Accounts Receivable average collection period days	63	63	62	61	60
Seq. Receivable Change	-5.92 %	8.39 %	5.81 %	-1.83 %	8.72 %
Seq. Revenue Change	-0.65 %	5 %	2.56 %	3.17 %	-2.04 %

Receivable Turnover Company Ranking
Within:	No.
Industrial Machinery and Components Industry	# 62
Capital Goods Sector	# 174
Overall Market	# 1620

Receivable Turnover Ratio Statistics
High	Average	Low
0.9	0.73	0.22
(Sep 30 2016)		(Dec 31 2016)

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

Financial Statements
Novanta Inc 's Accounts Receivable	$ 174 Millions	Visit NOVT's Balance sheet
Novanta Inc 's Sales TTM	$ 1,005 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 Apr 03 2026, within Capital Goods Sector	Receivable Turnover Ratio	Revenues for 12 Months ending Apr 03 2026	Receivable at quarter ending Apr 03 2026
Fluor Corporation	14.50	$ 15,184.000 Millions	$ 1,047.000 Millions
Momentus Inc	14.48	$ 3.605 Millions	$ 0.249 Millions
Winnebago Industries Inc	14.43	$ 2,911.800 Millions	$ 201.750 Millions
Expion360 Inc	14.00	$ 9.168 Millions	$ 0.655 Millions
Dragonfly Energy Holdings Corp	13.74	$ 53.429 Millions	$ 3.889 Millions
Shimmick Corporation	12.88	$ 458.794 Millions	$ 35.610 Millions
Byrna Technologies Inc	12.60	$ 119.133 Millions	$ 9.452 Millions
Cpi Aerostructures Inc	12.58	$ 70.386 Millions	$ 5.596 Millions
Greystone Logistics Inc	11.96	$ 39.966 Millions	$ 3.342 Millions
Leonardo Drs Inc	11.82	$ 3,695.000 Millions	$ 312.500 Millions
Hillman Solutions Corp	11.58	$ 1,562.954 Millions	$ 134.951 Millions
Rocket Lab Corp	11.55	$ 677.847 Millions	$ 58.706 Millions
Stanley Black and Decker Inc	11.45	$ 15,232.200 Millions	$ 1,330.025 Millions
Redwire Corporation	11.38	$ 371.052 Millions	$ 32.595 Millions
Voyager Technologies Inc	11.29	$ 200.873 Millions	$ 17.794 Millions
Regal Rexnord Corp	11.11	$ 5,995.100 Millions	$ 539.850 Millions
Smith and Wesson Brands Inc	10.95	$ 523.401 Millions	$ 47.790 Millions
Arts Way Manufacturing Co Inc	10.30	$ 24.475 Millions	$ 2.375 Millions
Textron Inc	10.16	$ 15,188.000 Millions	$ 1,494.250 Millions
Mastec Inc	9.78	$ 15,281.083 Millions	$ 1,562.903 Millions
Joby Aviation Inc	9.52	$ 77.671 Millions	$ 8.163 Millions
Wabash National Corporation	9.51	$ 1,464.333 Millions	$ 153.992 Millions
Willdan Group inc	9.47	$ 683.177 Millions	$ 72.176 Millions
Compx International inc	9.38	$ 158.268 Millions	$ 16.875 Millions
Taylor Devices Inc	9.38	$ 48.256 Millions	$ 5.147 Millions
Ies Holdings Inc	9.04	$ 3,633.203 Millions	$ 401.952 Millions
Laser Photonics Corporation	8.99	$ 6.559 Millions	$ 0.730 Millions
Hudson Technologies Inc	8.96	$ 250.602 Millions	$ 27.957 Millions
Solid Power Inc	8.91	$ 18.804 Millions	$ 2.111 Millions
Agco Corp	8.74	$ 10,374.600 Millions	$ 1,187.075 Millions

Date modified: 2026-06-22T16:30:43+00:00

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