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