Nextracker Inc. Class A Common Stock (NXT)

Number of days of payables

		Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022
Payables turnover		3.69	4.58	4.09
Number of days of payables	days	98.81	79.62	89.30

March 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 3.69
= 98.81

Nextracker Inc. Class A Common Stock's number of days of payables has shown fluctuations over the recent quarters. As of March 31, 2024, the company had an average payment period of approximately 98.81 days, indicating that on average, it takes Nextracker almost 99 days to pay its outstanding liabilities to suppliers and vendors. This represents an increase from the previous quarter where the number of days of payables was 79.62 days as of December 31, 2023.

The longer payment period observed in the current quarter may suggest that Nextracker is taking a longer time to settle its obligations, which could potentially strain relationships with suppliers if extended payment terms are not negotiated. However, it is essential to monitor this metric closely in the upcoming quarters to assess if this trend persists or if there are any strategic reasons behind the increased payables duration.

Overall, a higher number of days of payables can impact the company's liquidity position and working capital management. Investors and stakeholders should continue to monitor Nextracker's payables turnover to evaluate its ability to manage and control its cash flow effectively.