Nextracker Inc. Class A Common Stock (NXT)
Fixed asset turnover
| Mar 31, 2024 | Mar 31, 2023 | ||
|---|---|---|---|
| Revenue | US$ in thousands | 2,499,840 | 1,902,140 |
| Property, plant and equipment | US$ in thousands | 9,236 | 7,255 |
| Fixed asset turnover | 270.66 | 262.18 |
March 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $2,499,840K ÷ $9,236K
= 270.66
Peer comparison
Mar 31, 2024
Company name
Symbol
Fixed asset turnover
Nextracker Inc. Class A Common Stock
NXT
270.66
Garmin Ltd
GRMN
4.29
L3Harris Technologies Inc
LHX
7.14
Northrop Grumman Corporation
NOC
4.07
Teledyne Technologies Incorporated
TDY
7.16