Nextracker Inc. Class A Common Stock (NXT)
Payables turnover
| Mar 31, 2024 | Mar 31, 2023 | ||
|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,686,790 | 1,615,160 |
| Payables | US$ in thousands | 456,639 | 211,355 |
| Payables turnover | 3.69 | 7.64 |
March 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $1,686,790K ÷ $456,639K
= 3.69
Peer comparison
Mar 31, 2024
Company name
Symbol
Payables turnover
Nextracker Inc. Class A Common Stock
NXT
3.69
Garmin Ltd
GRMN
12.17
L3Harris Technologies Inc
LHX
8.74
Northrop Grumman Corporation
NOC
1.94
Teledyne Technologies Incorporated
TDY
12.27