Financial Ratios Nextracker Inc.

Equities

NXT

US65290E1010

Renewable Energy Equipment & Services

Real-time Estimate Cboe BZX Other stock markets 19:36:27 09/09/2024 BST			5-day change	1st Jan Change
34.29 ^USD	-0.90%		-7.92%	-26.83%

09-04	Jefferies Initiates Nextracker at Hold With $46 Price Target	MT
08-02	UBS Adjusts Price Target on Nextracker to $67 From $65, Maintains Buy Rating	MT

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Published financial data: NEXTRACKER INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2020	2021	2022	2023	2024
Revenues	1.17B	1.2B	1.46B	1.9B	2.5B
Total Revenues	1.17B	1.2B	1.46B	1.9B	2.5B
Cost of Goods Sold, Total	958M	964M	1.31B	1.62B	1.81B
Gross Profit	213M	232M	147M	287M	692M
Selling General & Admin Expenses, Total	55.36M	60.44M	66.95M	95.34M	184M
R&D Expenses	8.64M	13.01M	14.18M	21.62M	42.36M
Other Operating Expenses	-	-	-	-	-121M
Other Operating Expenses, Total	64M	73.45M	81.12M	117M	105M
Operating Income	149M	159M	65.91M	170M	587M
Interest Expense, Total	-	-20K	-34K	-1.83M	-13.82M
Interest And Investment Income	144K	-	-	-	-
Net Interest Expenses	144K	-20K	-34K	-1.83M	-13.82M
Other Non Operating Income (Expenses)	-120K	-482K	-765K	2.43M	34.7M
EBT, Excl. Unusual Items	149M	158M	65.11M	171M	608M
Legal Settlements	-	-	-	-1.53M	-
EBT, Incl. Unusual Items	149M	158M	65.11M	169M	608M
Income Tax Expense	30.67M	33.68M	14.2M	47.75M	112M
Earnings From Continuing Operations	118M	124M	50.91M	121M	496M
Net Income to Company	118M	124M	50.91M	121M	496M
Minority Interest	-	-	-	-2.45M	-190M
Net Income - (IS)	118M	124M	50.91M	119M	306M
Preferred Dividend and Other Adjustments	-	-	-	118M	-
Net Income to Common Incl Extra Items	118M	124M	50.91M	1.14M	306M
Net Income to Common Excl. Extra Items	118M	124M	50.91M	1.14M	306M
Per Share Items
Net EPS - Basic	-	-	-	0.02	3.97
Basic EPS - Continuing Operations	-	-	-	0.02	3.97
Basic Weighted Average Shares Outstanding	-	-	-	45.89M	77.07M
Net EPS - Diluted	-	-	-	0.02	3.37
Diluted EPS - Continuing Operations	-	-	-	0.02	3.37
Diluted Weighted Average Shares Outstanding	-	-	-	146M	147M
Normalized Basic EPS	-	-	-	2.27	2.47
Normalized Diluted EPS	-	-	-	0.71	1.29
Payout Ratio	-	266.51	-	-	-
Supplemental Items
EBITDA	167M	175M	77.05M	175M	591M
EBITA	164M	174M	74.37M	171M	587M
EBIT	149M	159M	65.91M	170M	587M
EBITDAR	168M	177M	78.82M	177M	594M
Effective Tax Rate - (Ratio)	20.6	21.31	21.8	28.24	18.39
Current Domestic Taxes	34.87M	34.01M	13.56M	35.24M	65.29M
Current Foreign Taxes	460K	2K	5.97M	18.24M	7.9M
Total Current Taxes	35.33M	34.02M	19.53M	53.48M	73.19M
Deferred Domestic Taxes	-5.24M	54K	-6.17M	-8.66M	30.5M
Deferred Foreign Taxes	578K	-388K	836K	2.93M	8.1M
Total Deferred Taxes	-4.66M	-334K	-5.34M	-5.73M	38.59M
Normalized Net Income	93.08M	98.77M	40.69M	104M	190M
Supplemental Operating Expense Items
General and Administrative Expenses	-	2.35M	-	-	-
Research And Development Expense From Footnotes	8.64M	13.01M	14.18M	21.62M	42.36M
Net Rental Expense, Total	1.5M	1.62M	1.77M	1.92M	2.28M
Imputed Operating Lease Interest Expense	-	52.49K	107K	364K	1.6M
Imputed Operating Lease Depreciation	-	1.57M	1.66M	1.56M	683K
Stock-Based Comp., COGS (Total)	1.64M	1.95M	1.53M	12.79M	10.76M
Stock-Based Comp., R&D Exp. (Total)	-	-	-	-	7.69M
Stock-Based Comp., G&A Exp. (Total)	-	2.35M	-	-	-
Stock-Based Comp., SG&A Exp. (Total)	2.59M	-	1.52M	19.2M	38.32M
Total Stock-Based Compensation	4.24M	4.31M	3.05M	31.99M	56.78M

Fiscal Period: March	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	2.95M	191M	29.07M	130M	474M
Total Cash And Short Term Investments	2.95M	191M	29.07M	130M	474M
Accounts Receivable, Total	223M	268M	461M	569M	780M
Other Receivables	-	-	-	-	38.6M
Total Receivables	223M	268M	461M	569M	818M
Inventory	61.18M	84.47M	172M	138M	202M
Other Current Assets, Total	15.85M	39.98M	52.07M	35.08M	274M
Total Current Assets	303M	583M	714M	872M	1.77B
Gross Property Plant And Equipment	18.88M	20.85M	25.66M	27.89M	48.02M
Accumulated Depreciation	-9.72M	-11.51M	-13.88M	-17.3M	-21.39M
Net Property Plant And Equipment	9.16M	9.34M	11.78M	10.59M	26.63M
Goodwill	265M	265M	265M	265M	265M
Other Intangibles, Total	25.51M	10.99M	2.53M	1.32M	1.55M
Deferred Tax Assets Long-Term	-	-	-	257M	438M
Other Long-Term Assets, Total	16.54M	12.22M	23.76M	13.25M	18.92M
Total Assets	619M	881M	1.02B	1.42B	2.52B
Liabilities
Accounts Payable, Total	175M	231M	267M	211M	457M
Accrued Expenses, Total	41.99M	35.62M	26.18M	59.77M	98.71M
Current Portion of Long-Term Debt	-	-	-	-	3.7M
Current Portion of Leases	1.4M	1.5M	1.8M	1.9M	3.9M
Unearned Revenue Current, Total	85.52M	77.38M	77.87M	176M	226M
Other Current Liabilities	58.47M	45.39M	101M	57.93M	103M
Total Current Liabilities	363M	391M	473M	507M	891M
Long-Term Debt	-	-	-	147M	144M
Long-Term Leases	4M	3M	2.7M	1.5M	13.56M
Unearned Revenue Non Current	7.2M	14.8M	29.6M	35.8M	69.3M
Other Non Current Liabilities	14.04M	15.77M	10.48M	243M	408M
Total Liabilities	388M	425M	516M	935M	1.53B
Preferred Stock Redeemable	-	-	504M	-	-
Total Preferred Equity	-	-	504M	-	-
Common Stock, Total	231M	456M	-3.04M	15K	14K
Additional Paid In Capital	-	-	-	-	4.03B
Retained Earnings	-	-	-	-3.08B	-3.07B
Comprehensive Income and Other	-	-	-	-	17K
Total Common Equity	231M	456M	-3.04M	-3.08B	961M
Minority Interest	-	-	-	3.56B	31.02M
Total Equity	231M	456M	501M	485M	992M
Total Liabilities And Equity	619M	881M	1.02B	1.42B	2.52B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	-	-	-	45.89M	141M
ECS Total Common Shares Outstanding	-	-	-	45.89M	141M
Book Value / Share	-	-	-	-67.03	6.83
Tangible Book Value	-59.6M	180M	-271M	-3.34B	694M
Tangible Book Value Per Share	-	-	-	-72.84	4.93
Total Debt	5.4M	4.5M	4.5M	151M	165M
Net Debt	2.45M	-186M	-24.57M	20.54M	-309M
Debt Equivalent Oper. Leases	12.02M	12.99M	14.15M	15.38M	18.25M
Minority Interest, Total (Incl. Fin. Div)	-	-	-	3.56B	31.02M
Account Code - Inventory Valuation	5	5	5	5	5
Machinery, Total	12.16M	13.67M	14.65M	19.14M	22.41M
Full Time Employees	-	419	513	606	1.05K
Accumulated Allowance for Doubtful Accounts (Supple)	1.21M	3.6M	3.57M	1.77M	3.87M
Order Backlog	-	-	-	2.6B	4B

Fiscal Period: March	2020	2021	2022	2023	2024
Net Income	118M	124M	50.91M	121M	306M
Depreciation & Amortization - CF	3.06M	1.8M	2.68M	3.42M	4.09M
Amortization of Goodwill and Intangible Assets - (CF)	14.88M	15.01M	8.46M	1.21M	275K
Depreciation & Amortization, Total	17.95M	16.81M	11.15M	4.63M	4.36M
Stock-Based Compensation (CF)	4.24M	4.31M	3.05M	31.99M	56.78M
Provision and Write-off of Bad Debts	1.85M	2.44M	-1.43M	1.24M	2.43M
Other Operating Activities, Total	-4.26M	-1.39M	-3.72M	27.74M	152M
Change In Accounts Receivable	-36.83M	-47.83M	-191M	-167M	-213M
Change In Inventories	-35.74M	-23.29M	-87.74M	25.06M	-60.98M
Change In Accounts Payable	69.95M	55.56M	35.82M	-37.03M	245M
Change in Unearned Revenues	74.3M	-555K	15.24M	120M	82.61M
Change in Other Net Operating Assets	31.28M	-36.12M	20.68M	-20.43M	-147M
Cash from Operations	241M	94.27M	-147M	108M	429M
Capital Expenditure	-1.66M	-2.46M	-5.92M	-3.18M	-6.16M
Sale of Property, Plant, and Equipment	-	-	167K	24K	-
Sale (Purchase) of Intangible assets	-	-500K	-	-	-500K
Cash from Investing	-1.66M	-2.96M	-5.75M	-3.16M	-6.66M
Long-Term Debt Issued, Total	-	-	-	170M	-
Total Debt Issued	-	-	-	170M	-
Long-Term Debt Repaid, Total	-	-	-	-20M	-
Total Debt Repaid	-	-	-	-20M	-
Issuance of Common Stock	-	-	-	694M	552M
Repurchase of Common Stock	-	-	-	-694M	-552M
Common Dividends Paid	-	-331M	-	-	-
Common & Preferred Stock Dividends Paid	-	-331M	-	-	-
Other Financing Activities, Total	-251M	428M	-8.66M	-154M	-78.27M
Cash from Financing	-251M	96.33M	-8.66M	-3.57M	-78.27M
Net Change in Cash	-11.42M	188M	-162M	101M	344M
Supplemental Items
Levered Free Cash Flow	214M	52.8M	-161M	115M	239M
Unlevered Free Cash Flow	214M	52.81M	-161M	116M	248M
Change In Net Working Capital	-101M	64.42M	211M	23.31M	174M
Net Debt Issued / Repaid	-	-	-	150M	-

Fiscal Period: March	2020	2021	2022	2023	2024
Profitability
Return on Assets	15.82	13.21	4.34	8.72	18.63
Return on Total Capital	31.24	28.43	8.53	18.62	40.94
Return On Equity %	40.06	36.19	10.64	24.61	67.2
Return on Common Equity	40.06	36.19	22.48	-0.07	-28.96
Margin Analysis
Gross Profit Margin %	18.18	19.4	10.09	15.09	27.67
SG&A Margin	4.73	5.06	4.59	5.01	7.34
EBITDA Margin %	14.25	14.67	5.29	9.18	23.66
EBITA Margin %	13.98	14.52	5.1	9	23.5
EBIT Margin %	12.71	13.26	4.52	8.94	23.49
Income From Continuing Operations Margin %	10.1	10.4	3.49	6.38	19.85
Net Income Margin %	10.1	10.4	3.49	6.25	12.25
Net Avail. For Common Margin %	10.1	10.4	3.49	0.06	12.25
Normalized Net Income Margin	7.95	8.26	2.79	5.48	7.6
Levered Free Cash Flow Margin	18.29	4.42	-11.06	6.06	9.57
Unlevered Free Cash Flow Margin	18.29	4.42	-11.06	6.12	9.92
Asset Turnover
Asset Turnover	1.99	1.59	1.54	1.56	1.27
Fixed Assets Turnover	161.46	129.21	137.98	170.03	134.34
Receivables Turnover (Average Receivables)	5.7	4.87	4	3.69	3.71
Inventory Turnover (Average Inventory)	22.12	13.23	10.21	10.41	10.64
Short Term Liquidity
Current Ratio	0.83	1.49	1.51	1.72	1.98
Quick Ratio	0.62	1.17	1.03	1.38	1.45
Operating Cash Flow to Current Liabilities	0.66	0.24	-0.31	0.21	0.48
Days Sales Outstanding (Average Receivables)	64.16	74.95	91.27	98.81	98.75
Days Outstanding Inventory (Average Inventory)	16.54	27.59	35.74	35.06	34.39
Average Days Payable Outstanding	51.72	75.25	65	55.17	65.31
Cash Conversion Cycle (Average Days)	28.98	27.29	62	78.69	67.83
Long Term Solvency
Total Debt/Equity	2.34	0.99	0.9	31.05	16.64
Total Debt / Total Capital	2.28	0.98	0.89	23.69	14.27
LT Debt/Equity	1.73	0.66	0.54	30.66	15.88
Long-Term Debt / Total Capital	1.69	0.65	0.53	23.39	13.61
Total Liabilities / Total Assets	62.68	48.23	50.74	65.85	60.61
EBIT / Interest Expense	-	7.93K	1.94K	92.75	42.48
EBITDA / Interest Expense	-	8.85K	2.32K	96.32	42.96
(EBITDA - Capex) / Interest Expense	-	8.73K	2.14K	94.59	42.52
Total Debt / EBITDA	0.03	0.03	0.06	0.85	0.28
Net Debt / EBITDA	0.01	-1.05	-0.31	0.12	-0.52
Total Debt / (EBITDA - Capex)	0.03	0.03	0.06	0.87	0.28
Net Debt / (EBITDA - Capex)	0.01	-1.07	-0.34	0.12	-0.53
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	77.27	2.08	21.91	30.5	31.42
Gross Profit, 1 Yr. Growth %	276.6	8.96	-36.62	95.18	141.01
EBITDA, 1 Yr. Growth %	745.81	5.09	-56.06	94.05	238.86
EBITA, 1 Yr. Growth %	887.57	5.96	-57.15	96.09	243.24
EBIT, 1 Yr. Growth %	12.66K	6.46	-58.43	115.62	245.51
Earnings From Cont. Operations, 1 Yr. Growth %	-7.54K	5.15	-59.06	138.31	308.97
Net Income, 1 Yr. Growth %	-7.54K	5.15	-59.06	133.51	157.59
Normalized Net Income, 1 Yr. Growth %	19.5K	6.11	-58.8	113.57	82.48
Diluted EPS Before Extra, 1 Yr. Growth %	-	-	-	-	13.59K
Accounts Receivable, 1 Yr. Growth %	18.62	20.37	71.77	23.53	37.02
Inventory, 1 Yr. Growth %	140.42	38.06	103.86	-19.83	46.13
Net Property, Plant and Equip., 1 Yr. Growth %	71.35	2	26.08	-10.1	151.38
Total Assets, 1 Yr. Growth %	11.07	42.28	15.47	39.56	77.42
Tangible Book Value, 1 Yr. Growth %	-210.79	-401.87	-250.48	1.13K	-120.77
Common Equity, 1 Yr. Growth %	-35.7	97.37	-100.67	101K	-131.24
Cash From Operations, 1 Yr. Growth %	-1.83K	-60.88	-256.05	-173.19	298.42
Capital Expenditures, 1 Yr. Growth %	-34.43	48.82	140.24	-46.21	93.53
Levered Free Cash Flow, 1 Yr. Growth %	-	-75.35	-405.22	-175.28	107.69
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-75.34	-405.11	-176.04	113.07
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	34.52	11.55	26.13	30.96
Gross Profit, 2 Yr. CAGR %	-	102.57	-16.9	11.22	116.89
EBITDA, 2 Yr. CAGR %	-	198.13	-32.04	-0.2	156.36
EBITA, 2 Yr. CAGR %	-	223.48	-32.62	-0.67	159.37
EBIT, 2 Yr. CAGR %	-	1.07K	-33.47	3.56	172.87
Earnings From Cont. Operations, 2 Yr. CAGR %	-	784.34	-34.39	-1.22	212.19
Net Income, 2 Yr. CAGR %	-	784.34	-34.39	-2.22	145.25
Normalized Net Income, 2 Yr. CAGR %	-	1.34K	-33.88	2.71	97.37
Accounts Receivable, 2 Yr. CAGR %	-	19.49	43.79	45.67	30.1
Inventory, 2 Yr. CAGR %	-	82.19	67.77	27.84	8.23
Net Property, Plant and Equip., 2 Yr. CAGR %	-	32.2	13.4	6.46	50.33
Total Assets, 2 Yr. CAGR %	-	25.71	28.18	26.94	57.35
Tangible Book Value, 2 Yr. CAGR %	-	82.87	113.13	331.02	60.15
Common Equity, 2 Yr. CAGR %