Nextracker Inc. Class A Common Stock (NXT)

Total asset 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
Total assets	US$ in thousands	3,192,520	2,518,780	1,419,680	1,017,290	880,969
Total asset turnover		0.93	0.99	1.34	1.43	1.36

March 31, 2025 calculation

Total asset turnover = Revenue ÷ Total assets
= $2,959,200K ÷ $3,192,520K
= 0.93

The total asset turnover ratio for Nextracker Inc. Class A Common Stock has shown varying trends over the years. In March 31, 2021, it was 1.36, indicating that the company generated $1.36 in revenue for every dollar of assets. By March 31, 2022, this ratio improved to 1.43, suggesting increased efficiency in asset utilization.

However, there was a slight decline by March 31, 2023, with the total asset turnover ratio dropping to 1.34. This could indicate a relative decrease in revenue generated from assets. The trend took a more significant turn by March 31, 2024, where the ratio decreased to 0.99, potentially pointing towards challenges in effectively using assets to generate revenue.

The decline continued into March 31, 2025, with the total asset turnover ratio further decreasing to 0.93. This decline may be a cause for concern as it indicates a decrease in the company's ability to generate revenue relative to its asset base. Overall, a declining trend in total asset turnover could suggest inefficiencies in asset management and overall operational performance that warrant further investigation.