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Stock impact report

Novanta Inc.'s (NASDAQ:NOVT) Stock Is Going Strong: Is the Market Following Fundamentals? [Yahoo! Finance]

Novanta Inc. - Common Shares (NOVT) 
Last novanta inc. - common shares earnings: 2/26 06:59 am Check Earnings Report
US:NASDAQ Investor Relations: investors.novanta.com
Company Research Source: Yahoo! Finance
Given the company's impressive performance, we decided to study its financial indicators more closely as a company's financial health over the long-term usually dictates market outcomes. In this article, we decided to focus on Novanta's ROE. Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors' money. Put another way, it reveals the company's success at turning shareholder investments into profits. Check out our latest analysis for Novanta How Do You Calculate Return On Equity? Return on equity can be calculated by using the formula: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for Novanta is: 12% = US$76m ÷ US$645m (Based on the trailing twelve months to September 2023). The 'return' is the profit over the last twelve months. So, this means that for every $1 of its shareholder's investments, the company generates a profit of $0.12. What Show less Read more
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