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