Nextracker Inc. Class A Common Stock (NXT)
Return on equity (ROE)
| Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | ||
|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 306,241 | 8,418 | -32,978 | |||
| Total stockholders’ equity | US$ in thousands | 961,013 | -3,117,010 | -2,641,020 | -3,352,380 | -3,075,770 | 0 |
| ROE | 31.87% | — | — |
March 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $306,241K ÷ $961,013K
= 31.87%
The return on equity (ROE) for Nextracker Inc. Class A Common Stock as of March 31, 2024, stands at 31.87%. However, data for December 31, 2023, September 30, 2023, and June 30, 2023, are not provided. Comparing the ROE figure for March 31, 2024, with the previous periods would have allowed for a trend analysis and assessment of the company's performance in utilizing shareholder equity to generate profits. The 31.87% ROE indicates that for every dollar of shareholders' equity invested, the company generated 31.87 cents in profits. Further analysis, considering additional financial metrics, would provide a more comprehensive view of Nextracker Inc.'s financial performance and sustainability.
Peer comparison
Mar 31, 2024