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.