Nextracker Inc. Class A Common Stock (NXT)
Cash conversion cycle
| Mar 31, 2024 | Mar 31, 2023 | ||
|---|---|---|---|
| Days of inventory on hand (DOH) | days | 43.65 | 31.20 |
| Days of sales outstanding (DSO) | days | 76.52 | 74.35 |
| Number of days of payables | days | 98.81 | 47.76 |
| Cash conversion cycle | days | 21.36 | 57.79 |
March 31, 2024 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= 43.65 + 76.52 – 98.81
= 21.36
Peer comparison
Mar 31, 2024
Company name
Symbol
Cash conversion cycle
Nextracker Inc. Class A Common Stock
NXT
21.36
Garmin Ltd
GRMN
185.69
L3Harris Technologies Inc
LHX
139.79
Northrop Grumman Corporation
NOC
-22.85
Teledyne Technologies Incorporated
TDY
120.13