Nextracker Inc. Class A Common Stock (NXT)
Working capital turnover
| Mar 31, 2024 | Mar 31, 2023 | ||
|---|---|---|---|
| Revenue | US$ in thousands | 2,499,840 | 1,902,140 |
| Total current assets | US$ in thousands | 1,768,240 | 872,265 |
| Total current liabilities | US$ in thousands | 891,486 | 507,426 |
| Working capital turnover | 2.85 | 5.21 |
March 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $2,499,840K ÷ ($1,768,240K – $891,486K)
= 2.85
Peer comparison
Mar 31, 2024
Company name
Symbol
Working capital turnover
Nextracker Inc. Class A Common Stock
NXT
2.85
Garmin Ltd
GRMN
1.67
L3Harris Technologies Inc
LHX
370.12
Northrop Grumman Corporation
NOC
22.27
Teledyne Technologies Incorporated
TDY
4.57