Nextracker Inc. Class A Common Stock (NXT)

Days of sales outstanding (DSO)

		Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022
Receivables turnover		4.77	6.25	6.01
DSO	days	76.52	58.43	60.70

March 31, 2024 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 4.77
= 76.52

To analyze the Days of Sales Outstanding (DSO) trend for Nextracker Inc. Class A Common Stock, we observe the following data:

- Mar 31, 2024: DSO = 76.52 days
- Dec 31, 2023: DSO = 58.43 days
- Sep 30, 2023: DSO = 60.70 days
- Jun 30, 2023: Data not provided
- Mar 31, 2023: DSO data not provided
- Dec 31, 2022: Data not provided

The DSO measures the average number of days it takes for a company to collect payment after a sale has been made. An increasing DSO may indicate potential issues with collections efficiency or extending credit terms.

From the available data, we can see a fluctuating trend in DSO:
- The DSO increased significantly from 58.43 days in Dec 31, 2023, to 76.52 days in Mar 31, 2024, signifying a potential slowdown in cash collections.
- The DSO was relatively stable in the previous periods, with values around 60-70 days.

Given the lack of certain data points, it is challenging to draw definitive conclusions about the long-term DSO trend. Further analysis, including comparing DSO against industry benchmarks and company historical data, would provide a more comprehensive understanding of Nextracker Inc.'s collection efficiency and financial performance.