Nextracker Inc. Class A Common Stock (NXT)

Fixed asset turnover

		Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Revenue	US$ in thousands	2,959,200	2,499,840	1,902,140	1,457,590	1,195,620
Property, plant and equipment	US$ in thousands	—	—	—	11,782	9,345
Fixed asset turnover		—	—	—	123.71	127.94

March 31, 2025 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $2,959,200K ÷ $—K
= —

The fixed asset turnover ratio for Nextracker Inc. Class A Common Stock has shown a decreasing trend over the years. It was 127.94 in March 31, 2021, decreasing to 123.71 in March 31, 2022. However, there is no data available for the years 2023, 2024, and 2025, indicating a lack of information for those periods. This decreasing trend suggests that the company may be generating slightly less revenue relative to its fixed assets investment. Further analysis and context would be necessary to fully understand the implications of this trend on the company's operational efficiency and financial performance.