Nextracker Inc. Class A Common Stock (NXT)
Total asset 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 |
Total assets | US$ in thousands | 3,192,520 | 2,983,560 | 2,768,660 | 2,626,930 | 2,518,780 | 2,095,120 | 2,033,560 | 1,656,870 | 1,419,680 | 1,259,700 | 1,287,760 | 1,129,500 | 1,017,290 | 1,017,290 | 944,915 | 976,958 | 880,969 |
Total asset turnover | 0.93 | 0.93 | 1.01 | 1.04 | 0.99 | 1.09 | 1.03 | 1.19 | 1.34 | 1.45 | 1.28 | 1.35 | 1.43 | 1.30 | 1.37 | 1.27 | 1.36 |
March 31, 2025 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,959,197K ÷ $3,192,520K
= 0.93
The total asset turnover of Nextracker Inc. Class A Common Stock has shown fluctuations over the observed period from March 31, 2021, to March 31, 2025. The ratio ranged from a high of 1.45 in December 31, 2022, indicating that the company generated $1.45 in revenue for every dollar of assets it had during that period, to a low of 0.93 in both March 31, 2024, and December 31, 2024, implying a lower efficiency in generating revenue from its total assets.
Overall, the trend in total asset turnover suggests some variability in how efficiently Nextracker Inc. utilizes its assets to generate sales over time. It would be important to analyze the underlying reasons for these fluctuations and assess the company's operational efficiency and asset management strategies to determine the effectiveness of its overall business performance.
Peer comparison
Mar 31, 2025