Nextracker Inc. Class A Common Stock (NXT)

Number of days of payables

		Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021
Payables turnover		3.33	4.58	4.40	4.66	3.69	4.58	4.09	5.55	7.64	5.10	4.10	4.61	4.93	4.35	4.46	4.41	4.16
Number of days of payables	days	109.54	79.74	82.90	78.40	98.81	79.62	89.30	65.81	47.76	71.57	88.92	79.12	74.05	83.99	81.90	82.83	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 shown some fluctuations over the past few years. From March 31, 2021, to March 31, 2025, the trend in the number of days of payables has been somewhat volatile.

The metric started at 87.67 days in March 2021 and reached its peak at 109.54 days in March 2025. We observe that there have been periods of both increases and decreases in the number of days of payables, indicating the company's ability to manage its payables effectively over time.

It is essential for stakeholders to monitor this ratio closely as prolonged increases in the number of days of payables may indicate potential liquidity issues or inefficiencies in the company's payment processes. Conversely, significant decreases may suggest improved working capital management but could also signal a strain on supplier relationships.