Nextracker Inc. Class A Common Stock (NXT)

Operating return on assets (Operating ROA)

		Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022
Operating income (ttm)	US$ in thousands	587,118	357,026	267,216
Total assets	US$ in thousands	2,518,780	2,095,120	2,033,560	1,656,870	1,419,680	1,259,700
Operating ROA		23.31%	17.04%	13.14%

March 31, 2024 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $587,118K ÷ $2,518,780K
= 23.31%

Nextracker Inc. Class A Common Stock has shown a positive trend in its operating return on assets (operating ROA) over the past four quarters. The operating ROA has increased from 13.14% in September 2023 to 23.31% in March 2024. This indicates that the company is becoming more efficient in generating operating profits from its assets.

The improvement in operating ROA suggests that Nextracker Inc. has been successful in managing its operations to generate higher returns relative to its asset base. This can be a positive sign for investors as it shows that the company is effectively utilizing its resources to generate profits.

Overall, the increasing trend in operating ROA indicates that Nextracker Inc. Class A Common Stock has been improving its operational efficiency and profitability over the past few quarters. Investors may view this positively as it signals the company's ability to generate higher returns on its assets.