Nextracker Inc. Class A Common Stock (NXT)

Return on total capital

		Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Earnings before interest and tax (EBIT)	US$ in thousands	—	621,817	169,926	65,108	158,531
Long-term debt	US$ in thousands	—	—	—	—	—
Total stockholders’ equity	US$ in thousands	1,628,130	961,013	-3,075,770	501,133	456,047
Return on total capital		0.00%	64.70%	—	12.99%	34.76%

March 31, 2025 calculation

Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,628,130K)
= 0.00%

The return on total capital of Nextracker Inc. Class A Common Stock has varied significantly over the years based on the provided data.

On March 31, 2021, the return on total capital was 34.76%, indicating that the company generated a healthy return relative to the total capital employed.

However, by March 31, 2022, the return on total capital decreased to 12.99%, suggesting a decline in the company's efficiency in generating returns on its total capital.

On March 31, 2023, the return on total capital data is not available ("—"), making it difficult to analyze the company's performance in that year.

The return on total capital significantly improved to 64.70% by March 31, 2024, indicating a substantial increase in the company's ability to generate returns on its total capital.

By March 31, 2025, the return on total capital dropped to 0.00%, signaling that the company might not have effectively utilized its total capital to generate returns.

Overall, the company's return on total capital has shown fluctuations over the years, highlighting the importance of efficient capital management and generating consistent returns to maximize shareholder value.