Nextracker Inc. Class A Common Stock (NXT)

Days of sales outstanding (DSO)

		Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021
Receivables turnover		6.26	3.76	3.91	3.59	3.21	3.18	3.20	3.64	3.34	3.29	2.92	2.94	3.16	2.87	3.79	3.70	4.46
DSO	days	58.28	97.06	93.46	101.75	113.86	114.67	114.06	100.15	109.21	110.78	125.08	124.23	115.37	127.14	96.21	98.65	81.88

March 31, 2025 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 6.26
= 58.28

The Days of Sales Outstanding (DSO) for Nextracker Inc. Class A Common Stock has fluctuated over the past few years.

From March 31, 2021, to December 31, 2021, the DSO increased from 81.88 days to 127.14 days, indicating a delay in collecting receivables. Subsequently, the DSO decreased to 100.15 days by June 30, 2023, suggesting an improvement in the collection of accounts receivable.

There was a slight increase in DSO to 114.67 days by December 31, 2023, but then it decreased to 93.46 days by September 30, 2024. This significant improvement in DSO reflects better efficiency in converting sales into cash.

Finally, the DSO dropped to 58.28 days by March 31, 2025, indicating a substantial improvement in the company's ability to collect receivables promptly and efficiently. This trend suggests that Nextracker Inc. has been effectively managing its accounts receivable and improving its cash flow position.