Nextracker Inc. Class A Common Stock (NXT)

Receivables 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
Revenue (ttm)	US$ in thousands	2,959,197	2,771,370	2,802,433	2,740,219	2,499,841	2,281,721	2,084,665	1,978,450	1,902,137	1,823,555	1,647,792	1,519,349	1,457,592	1,322,607	1,289,828	1,240,884	1,195,617
Receivables	US$ in thousands	472,462	736,945	717,599	763,876	779,810	716,816	651,466	542,874	569,119	553,465	564,684	517,132	460,710	460,710	339,984	335,387	268,210
Receivables turnover		6.26	3.76	3.91	3.59	3.21	3.18	3.20	3.64	3.34	3.29	2.92	2.94	3.16	2.87	3.79	3.70	4.46

March 31, 2025 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,959,197K ÷ $472,462K
= 6.26

The receivables turnover of Nextracker Inc. Class A Common Stock has fluctuated over the past few years. The ratio indicates how efficiently the company is able to collect outstanding receivables from its customers during a specific period. A higher turnover ratio typically suggests that the company is collecting its receivables more quickly.

In the first quarter of 2021, the receivables turnover stood at 4.46, indicating that the company was efficiently collecting receivables. However, this ratio decreased to 2.87 by the end of December 2021, which may suggest a slowdown in the collection process.

There was a slight recovery in the receivables turnover in the following quarters of 2022 and 2023, ranging from 2.92 to 3.64. This improvement in collection efficiency may indicate better cash flow management during these periods.

By the end of March 2025, the receivables turnover ratio spiked to 6.26, which is significantly higher compared to previous periods. This could signify a more aggressive collection strategy by the company, possibly to improve liquidity or reduce credit risk.

Overall, while the receivables turnover of Nextracker Inc. Class A Common Stock has varied throughout the analyzed period, the trend indicates efforts to manage receivables more effectively and efficiently.