| Benford Chart for NOVT 10Q Filed 8/6/2024 | ||||||||||||||||||||||||||||||||||||
Total numbers found: 947 Recent share count: 35,893,906 (3's column) ■ = Typical range across full coverage universe | ||||||||||||||||||||||||||||||||||||
| # of Numbers Found in Filing | |||
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On this page of Benford's Law Stocks.com we present our study of NOVANTA INC — ticker symbol NOVT. SEC filings have been screened by our Benford's Law software, for quarterly 10Q and annual 10K filings from 11/5/2019 to 8/6/2024
for NOVANTA INC under CIK number 0001076930.
For filings made in XBRL (eXtensible
Business Reporting Language) format, our algorithm extracts all "tagged" numbers presented by the company; for any non-XBRL
filings our algorithm uses its own interal set of rules to extract what it believes to be numbers as found throughout the filings. The format
found for each filing is presented below together with the results for NOVT, with the percentage of found numbers beginning with each digit
(1's, 2's, 3's, 4's, 5's, 6's, 7's, 8's, and 9's) charted against the "normal" range observed throughout our coverage universe, as
well as the "normal" range for NOVANTA INC based on the past NOVT filings our system processed in the past.
| Benford's Law Stocks Score for NOVT = 88 | ||
Starting from a possible score of 100, we made the following score deductions: • The 3's percentage was higher than the 2's percentage, increasing the penalty multiplier. • However, because we observed that the company's shares outstanding count begins with the digit 3, we canceled the penalty multiplier. • We deducted points upon observing the 3's percentage was above the typical coverage universe range. • We deducted points upon observing the 3's percentage was above the company's typical historical range. • We deducted points upon observing the 4's percentage was above the typical coverage universe range. • We deducted point upon observing the 8's percentage was below the typical coverage universe range. • We deducted point upon observing the 9's percentage was below the typical coverage universe range. • We deducted points upon observing the 9's percentage was below the company's typical historical range. |
| NOVT's Score Vs. Typical Stock | |||
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Check our work! We provide our NOVANTA INC Benford's Law analysis for informational purposes only, and our software should be expected to
make mistakes and contain errors (nothing you see on this website should be relied upon for any decision-making without first repeating
the analysis yourself independently), and so below we present to you all of the numbers our system detected, for the NOVT filing
above. This way, you can open the filing on your own and compare what you see below against what you yourself find. This can also
be helpful for exploring any columns in particular that caught your eye.
| 1's | 2's | 3's |
|---|---|---|
| We found 257 numbers that start with the digit 1. Here they are: 105,051 145,025 139,410 160,042 149,371 11,896 13,360 114,758 109,449 15,734 145,022 1,398,574 1,226,056 13,226 153,470 139,175 14,445 16,305 1,398,574 1,226,056 132,175 125,341 103,689 104,123 12,657 10,213 1,234 152,783 143,241 16,520 13,142 191 171 17,130 13,755 1.09 1.09 13,755 1,577 187 160 1,666 14,522 13,755 13,755 136 12,308 12,308 148,849 1,666 1,666 169,728 130,584 164 10,008 10,008 12,341 12,341 169,728 12,308 12,341 1,223 1,177 1,056 163 158 191,200 11,352 198,000 10,008 121,440 105,051 100,105 16,491 12,709 192.0 14,032 106,430 18,257 191,976 191,200 106.4 1.7 14,061 16,281 1.1 16,604 13,755 146 181 180 185 166 141 119 127 1.09 1.09 177 148 1 1 1 1,392 1,392 1,771 1,392 12 191.4 172.3 1 1.0 106,430 102,461 17,046 151,229 107,417 169,738 102,461 17,046 151,229 108,919 138,016 152,662 187,092 146,342 150,671 115,873 142,478 15,616 15,088 193,911 131,995 13,027 13,027 13,027 13,027 145,022 12,657 10,213 10,592 16,281 12,631 19,991 14,286 13,430 10,598 15,936 12,853 12,878 126,498 193,911 104,147 104,643 160,042 149,371 16,278 16,790 1,075 1,001 11 1,599 1,687 100.0 145.0 1.1 150 151 122 140 122 140 11,448 1,003 1,003 10,886 116.95 10,649 10,402 1,160 12,308 12,341 1.5 143.97 158.99 140.29 151.54 199 152.83 178 15.9 160.24 177.06 16 166.64 168.60 166.22 165.12 157.48 180.98 132 102.86 157.48 185 118.57 19.7 16.5 17.4 13.0 1,136 1,755 103 1,234 1,853 1,888 151 166 1,038 1,680 132 181 1,163 12 1,144 1 1.8 1 129,186 143,861 104,525 160,962 130,617 143,767 1,556 1,951 103,689 104,123 12,744 19,611 12,276 10,083 19,924 14,648 15,248 13,953 12,744 13,325 14,116 11,937 123,391 107,594 19,014 12,140 100 100 100 100 | We found 150 numbers that start with the digit 2. Here they are: 27,862 206,938 231,893 203,462 27,384 24,038 235,864 229,464 262,675 246,839 204,105 201,751 23,731 23,380 2,543 25,715 264 25,271 20,879 28,431 20,879 28,431 22,545 25,085 218,138 28,151 231,893 27,384 203,462 24,038 28,431 28,431 231,893 27,384 26,708 20,879 20,879 25,042 25,042 28,431 27,045 23,668 2,777 29,283 202,552 2,548 21,316 255 224,516 2.6 2.4 2.8 235,864 251,838 28,396 24,038 27,384 20,420 20,879 28,431 2.2 2.1 2.7 209,878 274,035 254,344 242,313 237,298 211,380 254,618 237,572 220,075 266,544 225,183 2,750 2,750 23,491 23,628 206,938 20,034 22,372 20,069 26,534 21,714 26,148 21,010 29,354 23,311 25,431 22 26 278,404 200.0 200.0 200.0 200 2.3 2.4 2,834 2,639 21,344 206 200 200 260 205 248 231 29.0 29.0 29.0 29.0 29.0 2,523 2,874 2,523 20 2,543 2.5 2,523 2,850 2,231 2,447 292 2,265 25 206,977 235,864 229,464 2,962 204,105 201,751 28,488 24,265 26,864 27,248 28,295 24,957 25,715 2,453 2,661 27,045 23,668 240,472 211,436 20,854 25,334 27,390 235,864 229,464 | We found 155 numbers that start with the digit 3. Here they are: 35,904,106 38,302 349,404 37,345 35,895 35,814 3,710 32,198 3 357 34,046 3,375 39,144 38 38 35,946 35,851 35,930 35,830 36,092 36,032 36,110 36,015 39,144 3,816 3,346 35,891 3 35,895 35,814 3,346 3,346 35,895 35,802 3 35,808 35,711 32,009 39,144 39,144 35,808 39,144 3,678 36,442 30,498 355 313 3 3.6 3,126 32,540 34,400 31,181 3,781 3,816 35 39,144 35,946 35,851 35,930 35,830 36,092 36,032 36,110 36,015 38 38 301 301 347 379 379 379 312 312 311 311 312 359 359 347 3,909 31,722 31,722 321,699 303,908 321,699 303,908 3,685 3,046 36,658 33,499 393 32,703 3,559 3,934 301 311 3,077 3,655 349,404 354,372 350.0 350.0 350 301 301 342 325 3,386 3,184 38,302 37,345 3,009 3,310 3,559 3,934 3,966 355 313 3,186 36.90 3.3 3.5 3,071 3,071 3,607 3,710 3.1 3.1 3.0 357 353 3,071 3,071 32 3,434 30,580 36,513 34,257 33,388 34,909 38.6 38.5 36,295 32,198 3,994 315 31,919 32,097 32,528 34,537 36,085 38,652 3,678 |
| 4's | 5's | 6's |
|---|---|---|
| We found 124 numbers that start with the digit 4. Here they are: 424,791 415,297 43,641 484,507 4,813 4,968 477,113 41,279 4,816 4,435 423,856 423,856 466,780 448,590 46,977 46,208 44,793 42,187 4,826 45,008 4,392 470 46,111 423,856 476 476 423,856 423,856 423,856 423,856 407 407 423,856 423,856 423,856 40,819 464 43,100 41.5 466,780 489,692 435 435 46 46 406 406 406 48 48 4 484,507 484,507 40,750 435,903 448,930 42,637 407 4,835 4,994 4,813 4,968 410,325 477,113 481,926 450.0 495.0 495.0 43,641 41,279 45,534 4,297 4,652 4.73 4.84 4,314 477 4,917 4,297 4 49.5 4,871 462 499 45 473 4.35 40.3 4.2 4.0 459 4,826 4.0 410 416 40 4 466,780 448,590 40,364 47.8 49.1 48.3 49.2 41.1 41.1 49.5 48.6 48.9 47.1 44.0 45.4 43.7 45.0 4,815 4,044 4,917 434 466,780 448,590 42 47 43 47 | We found 82 numbers that start with the digit 5. Here they are: 571 5,684 5,617 587,028 57,195 54,630 5,459 5,932 552,596 5,124 51,322 58,510 585 55 5,615 5,864 58 58 580 55 52,020 598,017 5,875 5,875 57,488 55,155 577,586 57,488 5,741 5.8 561 5,305 5 5,500 58 58 587,028 587,028 5,500 515,610 528,637 5,124 55,515 5,039 5,292 5,553 54,630 5,292 5,127 595 51 5,039 5,252 5,459 5,932 5,801 5,277 593 561 51,036 5.54 5.54 5,822 5,538 501 51,036 50.0 5 5,552 542 5,875 53 53 51,322 58,510 5,257 52,590 55,501 58 53 57 53 | We found 65 numbers that start with the digit 6. Here they are: 61,056 696,582 673,460 6,907 6,810 6,807 6,967 67,872 681,715 6,231 6,231 673,460 626,030 67 6,967 6,967 626,030 6,564 6,586 6,946 6,946 67,344 605 6,583 6.5 6,964 623 623 624 623 671 635,736 67,413 6,068 6,907 67,413 61,056 69,865 695.0 64.9 60 69 6,817 6,279 6,573 6,272 61,922 620 601 6,231 677 659 63,952 67,387 62,364 66,143 63,937 67,724 643 632 65,100 66,959 63,499 63,902 6,992 |
| 7's | 8's | 9's |
|---|---|---|
| We found 55 numbers that start with the digit 7. Here they are: 718 71,044 7,767 7,000 73,627 70,180 701,992 77,974 71,925 74 79 79 767 7 767 767 73,627 701,992 70,180 73,627 701,992 7,711 7,665 73,924 739 7.0 776 776 7 7,434 79 79 753 738,257 7,875 7,377 7,360 7,144 738 718 76 74,655 738 718 7.0 78 7 7.5 733 74,333 71,809 70,846 79,755 7,235 7,995 | We found 32 numbers that start with the digit 8. Here they are: 8,105 8,189 88,323 83,110 8,266 89 8,861 8,861 864 8,934 885 8,861 8,775 8,035 8,515 8,076 83,000 8,514 83,000 83.0 82,705 8,540 8,170 8,861 8,189 8.1 8,199 80 8 87 83,322 8,017 | We found 27 numbers that start with the digit 9. Here they are: 98,468 9,360 9,757 9 994 98,468 91,330 913 90.2 9,757 9,582 9,582 9,623 954 9,571 979 985 954 9 97 97 98 98 992 9,762 910 9,034 |
While the above NOVT 10Q Filed 8/6/2024 is interesting in isolation, we have found that it is also useful to take a look at older
NOVANTA INC filings processed by our Benford's Law Stocks algorithm, to see how the company's filings "typically look" on a
Benford's Law analysis. Below we repeat the 10Q Filed 8/6/2024 but instead of the chart comparing against the typical company across
our coverage universe, below we show the same chart compared against the typical NOVT 10Q and 10K filings that we have processed
historically. This is followed by similar charts for each of those historical filings.
| 10Q Filed 8/6/2024 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 947 ■ = Typical NOVT range from 11/5/2019 to 8/6/2024 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 11/7/2023 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 964 ■ = Typical NOVT range from 11/5/2019 to 8/6/2024 | ||||||||||||||||||||||||||||||||||||
| 10K Filed 3/1/2023 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 1,509 ■ = Typical NOVT range from 11/5/2019 to 8/6/2024 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 5/10/2022 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 758 ■ = Typical NOVT range from 11/5/2019 to 8/6/2024 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 8/10/2021 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 943 ■ = Typical NOVT range from 11/5/2019 to 8/6/2024 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 11/10/2020 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 1,006 ■ = Typical NOVT range from 11/5/2019 to 8/6/2024 | ||||||||||||||||||||||||||||||||||||
| 10K Filed 2/26/2020 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 1,622 ■ = Typical NOVT range from 11/5/2019 to 8/6/2024 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 5/7/2024 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 740 ■ = Typical NOVT range from 11/5/2019 to 8/6/2024 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 8/8/2023 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 951 ■ = Typical NOVT range from 11/5/2019 to 8/6/2024 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 11/8/2022 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 1,034 ■ = Typical NOVT range from 11/5/2019 to 8/6/2024 | ||||||||||||||||||||||||||||||||||||
| 10K Filed 3/1/2022 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 1,548 ■ = Typical NOVT range from 11/5/2019 to 8/6/2024 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 5/11/2021 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 713 ■ = Typical NOVT range from 11/5/2019 to 8/6/2024 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 8/6/2020 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 983 ■ = Typical NOVT range from 11/5/2019 to 8/6/2024 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 11/5/2019 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 1,066 ■ = Typical NOVT range from 11/5/2019 to 8/6/2024 | ||||||||||||||||||||||||||||||||||||
| 10K Filed 2/28/2024 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 1,445 ■ = Typical NOVT range from 11/5/2019 to 8/6/2024 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 5/9/2023 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 719 ■ = Typical NOVT range from 11/5/2019 to 8/6/2024 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 8/9/2022 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 997 ■ = Typical NOVT range from 11/5/2019 to 8/6/2024 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 11/9/2021 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 1,048 ■ = Typical NOVT range from 11/5/2019 to 8/6/2024 | ||||||||||||||||||||||||||||||||||||
| 10K Filed 3/1/2021 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 1,545 ■ = Typical NOVT range from 11/5/2019 to 8/6/2024 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 5/12/2020 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 724 ■ = Typical NOVT range from 11/5/2019 to 8/6/2024 | ||||||||||||||||||||||||||||||||||||