Nextracker Inc. Class A Common Stock (NXT)

Payables turnover

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
Cost of revenue (ttm) US$ in thousands 1,950,372 1,727,762 1,790,003 1,803,474 1,686,792 1,718,830 1,649,240 1,627,596 1,615,164 1,587,942 1,460,674 1,361,854 1,314,061 1,158,556 1,100,069 1,024,695 963,636
Payables US$ in thousands 585,299 377,466 406,546 387,401 456,639 374,919 403,478 293,451 211,355 311,354 355,829 295,195 266,596 266,596 246,823 232,527 231,460
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

March 31, 2025 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,950,372K ÷ $585,299K
= 3.33

Nextracker Inc.'s payables turnover ratio has shown some fluctuations over the years based on the provided data. The payables turnover ratio measures how efficiently a company manages its payments to suppliers or creditors.

From March 31, 2021, to March 31, 2025, the payables turnover ratio for Nextracker Inc. ranged from a low of 3.33 to a high of 7.64. A higher payables turnover ratio indicates that the company is paying its suppliers more quickly, which could be a sign of good financial health and effective working capital management.

In analyzing the trend, we observe that the payables turnover ratio generally increased in the first part of the period, reaching its peak at 7.64 on March 31, 2023, before starting to decline again. However, during the latter part of the period, the ratio fluctuated within a narrower range, suggesting some variability in the company's payment practices.

Overall, the fluctuations in Nextracker Inc.'s payables turnover ratio indicate changes in its payment policies or relationships with suppliers. Investors and analysts may need to further investigate the reasons behind these fluctuations to assess the company's liquidity management and supplier relationships effectively.


Peer comparison

Mar 31, 2025