Nextracker Inc. Class A Common Stock (NXT)
Return on assets (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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net income (ttm) | US$ in thousands | 509,168 | 557,537 | 483,650 | 407,512 | 306,241 | 126,162 | 127,352 | 115,186 | 118,887 | 99,597 | 69,557 | 58,374 | 50,913 | 77,754 | 97,843 | 114,441 | 124,348 |
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 |
ROA | 15.95% | 18.69% | 17.47% | 15.51% | 12.16% | 6.02% | 6.26% | 6.95% | 8.37% | 7.91% | 5.40% | 5.17% | 5.00% | 7.64% | 10.35% | 11.71% | 14.11% |
March 31, 2025 calculation
ROA = Net income (ttm) ÷ Total assets
= $509,168K ÷ $3,192,520K
= 15.95%
The return on assets (ROA) for Nextracker Inc. Class A Common Stock has been fluctuating over the period from March 31, 2021, to March 31, 2025. The ROA started at a healthy 14.11% in March 2021, indicating that the company was generating earnings relative to its assets. By June 2022, the ROA decreased to 5.17%, suggesting a decline in the company's ability to generate profits from its assets.
There was a noticeable improvement in the ROA in the subsequent quarters, with values increasing steadily from September 2022 onwards, reaching a peak of 18.69% by December 2024. This upward trend indicates an enhanced efficiency in asset utilization and profitability for Nextracker Inc. during this period.
However, there was a slight decrease in ROA to 15.95% by March 2025, which could be a normal fluctuation or might indicate potential challenges in maintaining the level of profitability seen in the previous quarter. Overall, the ROA trend reflects both positive and negative fluctuations in the company's ability to generate profits from its assets during the period under analysis.
Peer comparison
Mar 31, 2025