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