Nextracker Inc. Class A Common Stock (NXT)
Operating return on assets (Operating ROA)
| Mar 31, 2024 | Mar 31, 2023 | ||
|---|---|---|---|
| Operating income | US$ in thousands | 587,118 | 168,485 |
| Total assets | US$ in thousands | 2,518,780 | 1,419,680 |
| Operating ROA | 23.31% | 11.87% |
March 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $587,118K ÷ $2,518,780K
= 23.31%
Peer comparison
Mar 31, 2024
Company name
Symbol
Operating ROA
Nextracker Inc. Class A Common Stock
NXT
23.31%
Garmin Ltd
GRMN
12.69%
L3Harris Technologies Inc
LHX
3.42%
Northrop Grumman Corporation
NOC
5.45%
Teledyne Technologies Incorporated
TDY
7.12%