Nextracker Inc. Class A Common Stock (NXT)
Return on equity (ROE)
| Mar 31, 2024 | Mar 31, 2023 | ||
|---|---|---|---|
| Net income | US$ in thousands | 306,241 | 1,143 |
| Total stockholders’ equity | US$ in thousands | 961,013 | -3,075,770 |
| ROE | 31.87% | — |
March 31, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $306,241K ÷ $961,013K
= 31.87%
Peer comparison
Mar 31, 2024
Company name
Symbol
ROE
Nextracker Inc. Class A Common Stock
NXT
31.87%
Garmin Ltd
GRMN
18.39%
L3Harris Technologies Inc
LHX
6.54%
Northrop Grumman Corporation
NOC
13.90%
Teledyne Technologies Incorporated
TDY
9.61%