Nextracker Inc. Class A Common Stock (NXT)

Gross profit margin

		Mar 31, 2024	Dec 31, 2023	Sep 30, 2023
Gross profit (ttm)	US$ in thousands	813,049	562,891	435,425
Revenue (ttm)	US$ in thousands	2,499,841	2,281,721	2,084,665
Gross profit margin		32.52%	24.67%	20.89%

March 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $813,049K ÷ $2,499,841K
= 32.52%

The gross profit margin of Nextracker Inc. Class A Common Stock has shown an improving trend over the past three quarters. In March 2024, the gross profit margin reached 32.52%, reflecting a significant increase from 24.67% in December 2023 and 20.89% in September 2023. This upward trajectory indicates that the company has been able to effectively control its direct costs related to production and sales, resulting in a higher percentage of revenue retained after accounting for production expenses. The improving gross profit margin suggests enhanced efficiency and potentially stronger pricing power, which could positively impact the company's overall profitability and financial performance.