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