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