• Novanta average return on equity for 2023 was 12.38, a 2.21% decline from 2022.
• Novanta average return on equity for 2022 was 12.66, a 28.53% decline from 2021.
• Novanta average return on equity for 2021 was 9.85, a 0.71% increase from 2020.

Roe - return on equity can be defined as the amount of net income returned as a percentage of shareholders equity. Return on equity measures a corporation's profitability by revealing how much profit a company generates with the money shareholders have invested.