Nextracker Inc. Class A Common Stock (NXT)
Inventory turnover
| Mar 31, 2024 | Mar 31, 2023 | ||
|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,686,790 | 1,615,160 |
| Inventory | US$ in thousands | 201,736 | 138,057 |
| Inventory turnover | 8.36 | 11.70 |
March 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $1,686,790K ÷ $201,736K
= 8.36
Peer comparison
Mar 31, 2024
Company name
Symbol
Inventory turnover
Nextracker Inc. Class A Common Stock
NXT
8.36
Garmin Ltd
GRMN
2.29
L3Harris Technologies Inc
LHX
12.51
Northrop Grumman Corporation
NOC
3.69
Teledyne Technologies Incorporated
TDY
5.14