Nextracker Inc. Class A Common Stock (NXT)

Days of inventory on hand (DOH)

		Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022
Inventory turnover		8.36	8.48	8.40
DOH	days	43.65	43.04	43.43

March 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 8.36
= 43.65

The days of inventory on hand (DOH) for Nextracker Inc. Class A Common Stock have been relatively stable over the past three quarters. The company maintained an average DOH of approximately 43.37 days during this period. This indicates that, on average, Nextracker Inc. holds inventory for about 43 days before it is sold.

A consistent DOH level can suggest effective inventory management and aligned production levels with sales demand. However, it's also crucial for the company to monitor and adjust inventory levels based on market conditions to avoid excess inventory buildup or stockouts.

Overall, the stability in Nextracker Inc.'s DOH implies a balanced approach to managing inventory, which is essential for optimizing working capital efficiency and meeting customer demand effectively.