Nextracker Inc. Class A Common Stock (NXT)

Return on total capital

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
Earnings before interest and tax (EBIT) (ttm) US$ in thousands 464,965 732,501 716,959 670,194 583,980 357,026 267,216 212,596 168,485 135,480 93,924 74,531 65,907 99,912 124,388 145,841 158,532
Long-term debt US$ in thousands
Total stockholders’ equity US$ in thousands 1,628,130 1,406,550 1,266,000 1,121,390 992,028 -3,117,010 -2,641,020 -3,352,380 -3,075,770 96,258 86,400 527,119 -3,035 -3,035 463,578 508,028 456,047
Return on total capital 28.56% 52.08% 56.63% 59.76% 58.87% 140.75% 108.71% 14.14% 26.83% 28.71% 34.76%

March 31, 2025 calculation

Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $464,965K ÷ ($—K + $1,628,130K)
= 28.56%

The return on total capital for Nextracker Inc. Class A Common Stock has shown varying trends over the analyzed period. It started at a robust 34.76% in March 2021, indicating strong profitability in relation to the total capital employed. However, there was a slight decrease to 28.71% by June 2021.

Subsequently, the return on total capital further declined to 26.83% by September 2021. This was followed by a period where data was not available (indicated by "—") for December 2021, March 2022, and June 2022.

A significant change occurred in September 2022, with a sharp increase to 108.71%, showcasing a notable improvement in the utilization of total capital to generate returns. This positive trend continued in December 2022 and March 2024, where return on total capital reached 140.75% and 58.87%, respectively.

However, there was a slight dip to 14.14% in June 2022, followed by fluctuations in the range of 50-60% for the subsequent quarters up to March 2025. Overall, the return on total capital for Nextracker Inc. Class A Common Stock displays periods of both strong profitability and slight fluctuations, suggesting varying efficiency in deploying capital to generate returns during the analyzed period.


Peer comparison

Mar 31, 2025