Nextracker Inc. Class A Common Stock (NXT)

Receivables turnover

		Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Revenue	US$ in thousands	2,959,200	2,499,840	1,902,140	1,457,590	1,195,620
Receivables	US$ in thousands	472,462	779,810	569,119	460,710	268,210
Receivables turnover		6.26	3.21	3.34	3.16	4.46

March 31, 2025 calculation

Receivables turnover = Revenue ÷ Receivables
= $2,959,200K ÷ $472,462K
= 6.26

The receivables turnover ratio for Nextracker Inc. Class A Common Stock has displayed fluctuations over the past five years, as follows:

- As of March 31, 2021, the receivables turnover ratio was 4.46, indicating that the company collected its outstanding receivables approximately 4.46 times during the year.
- Subsequently, by March 31, 2022, the ratio decreased to 3.16, suggesting a decrease in the efficiency of collecting receivables during that period.
- However, in the following year ending March 31, 2023, the ratio improved slightly to 3.34, reflecting a better performance in collecting receivables compared to the previous year.
- By March 31, 2024, the ratio decreased again to 3.21, showing a decline in the efficiency of receivables collection.
- The most recent data as of March 31, 2025, indicates a substantial improvement in receivables turnover to 6.26, implying that the company was collecting its outstanding receivables more frequently and efficiently during that period.

Overall, the trend in receivables turnover for Nextracker Inc. Class A Common Stock demonstrates variability over the years, with fluctuations indicating changes in the company's effectiveness in collecting receivables.