Nextracker Inc. Class A Common Stock (NXT)

Operating profit margin

		Mar 31, 2024	Dec 31, 2023	Sep 30, 2023
Operating income (ttm)	US$ in thousands	587,118	357,026	267,216
Revenue (ttm)	US$ in thousands	2,499,841	2,281,721	2,084,665
Operating profit margin		23.49%	15.65%	12.82%

March 31, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $587,118K ÷ $2,499,841K
= 23.49%

The data presented shows a progressive improvement in Nextracker Inc.'s operating profit margin over the three most recent quarters. The operating profit margin increased from 12.82% in September 30, 2023, to 15.65% in December 31, 2023, and further improved to 23.49% by March 31, 2024. This trend indicates that the company has become more efficient in managing its operating expenses relative to its revenue generation. The rising operating profit margin suggests that Nextracker Inc. has been able to increase profitability by controlling costs and/or improving operational efficiencies. This positive trend may indicate a stronger underlying business performance and may be viewed favorably by investors and stakeholders.