Nextracker Inc. Class A Common Stock (NXT)
Operating return on assets (Operating ROA)
Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating income (ttm) | US$ in thousands | 639,112 | 714,479 | 712,715 | 673,332 | 587,118 | 357,026 | 267,216 | 212,596 | 168,485 | 135,480 | 93,924 | 74,531 | 65,907 | 99,912 | 124,388 | 145,841 | 158,532 |
Total assets | US$ in thousands | 3,192,520 | 2,983,560 | 2,768,660 | 2,626,930 | 2,518,780 | 2,095,120 | 2,033,560 | 1,656,870 | 1,419,680 | 1,259,700 | 1,287,760 | 1,129,500 | 1,017,290 | 1,017,290 | 944,915 | 976,958 | 880,969 |
Operating ROA | 20.02% | 23.95% | 25.74% | 25.63% | 23.31% | 17.04% | 13.14% | 12.83% | 11.87% | 10.75% | 7.29% | 6.60% | 6.48% | 9.82% | 13.16% | 14.93% | 18.00% |
March 31, 2025 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $639,112K ÷ $3,192,520K
= 20.02%
The operating return on assets (ROA) of Nextracker Inc. Class A Common Stock has exhibited fluctuations over the analyzed period. Starting at a robust 18.00% as of March 31, 2021, the operating ROA gradually decreased, reaching its lowest point of 6.48% by March 31, 2022. Subsequently, the ROA showed a slight improvement, hovering around the 6-7% range until December 31, 2022, when it notably increased to 10.75%.
From there, the operating ROA continued to rise steadily, surpassing the 20% mark by March 31, 2025. Noteworthy peaks in performance were observed on June 30, 2024 (25.63%) and September 30, 2024 (25.74%). Overall, the operating ROA trended positively towards the end of the period, reflecting efficiency in utilizing assets to generate operating income.
Peer comparison
Mar 31, 2025