Nextracker Inc. Class A Common Stock (NXT)

Days of inventory on hand (DOH)

		Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Inventory turnover		9.31	8.36	11.70	7.61	11.41
DOH	days	39.19	43.65	31.20	47.96	32.00

March 31, 2025 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 9.31
= 39.19

The days of inventory on hand (DOH) for Nextracker Inc. Class A Common Stock have displayed fluctuations over the past five years. As of March 31, 2021, the company held inventory for an average of 32.00 days, which increased to 47.96 days by March 31, 2022. However, in the following year, the DOH decreased to 31.20 days by March 31, 2023. Subsequently, there was an uptick in the DOH to 43.65 days by March 31, 2024, before experiencing a slight decline to 39.19 days by March 31, 2025.

These fluctuations in the days of inventory on hand may indicate changes in Nextracker Inc.'s inventory management efficiency and effectiveness. A higher DOH could point towards excess inventory levels or potential issues in sales forecasting, while a lower DOH may suggest efficient inventory turnover. Further analysis of the company's inventory practices and strategies would be beneficial in understanding the underlying reasons for these fluctuations and identifying opportunities for improvement.