Nextracker Inc. Class A Common Stock (NXT)

Number of days of payables

		Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Payables turnover		3.33	3.69	7.64	4.92	4.16
Number of days of payables	days	109.54	98.81	47.76	74.25	87.67

March 31, 2025 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 3.33
= 109.54

The number of days of payables for Nextracker Inc. Class A Common Stock has varied over the years based on the data provided.

- As of March 31, 2021, the company took approximately 87.67 days on average to pay its suppliers.
- By March 31, 2022, the number decreased to around 74.25 days, indicating a potential improvement in the company's payment efficiency.
- The trend continued with a significant drop to 47.76 days by March 31, 2023, suggesting a more streamlined accounts payable process.
- However, there was a notable increase in the number of days of payables to 98.81 days by March 31, 2024, possibly indicating delayed payment to suppliers.
- Subsequently, by March 31, 2025, the number further increased to 109.54 days, highlighting a potential liquidity concern or changes in the company's payment strategy.

Overall, a trend of fluctuation in the number of days of payables is observed, which can reflect the company's working capital management, supplier relationships, and financial performance. Further analysis of the company's financial position and cash flow management may provide deeper insights into these fluctuations.