The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. NEXTracker's Revenue for the
three
months ended in Mar. 2024 was $737 Mil. NEXTracker's average Accounts Receivable for the
three
months ended in Mar. 2024 was $374 Mil.
Hence, NEXTracker's Receivables Turnover for the
three
months ended in Mar. 2024 was 1.97.
NEXTracker Receivables Turnover Historical Data
The historical data trend for NEXTracker's Receivables Turnover can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of NEXTracker's Receivables Turnover
For the Solar subindustry, NEXTracker's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
NEXTracker's Receivables Turnover Distribution in the Semiconductors Industry
For the Semiconductors industry and Technology sector, NEXTracker's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where NEXTracker's Receivables Turnover falls into.
NEXTracker Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
NEXTracker's Receivables Turnover for the fiscal year that ended in Mar. 2024 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.
NEXTracker Receivables Turnover Related Terms
Thank you for viewing the detailed overview of NEXTracker's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
NEXTracker Inc provides integrated solar tracker and software solutions used in utility-scale and ground-mounted distributed solar generation projects worldwide. Nextracker's products enable solar panels in utility-scale power plants to follow the sun's movement across the sky and optimize plant performance. It generates revenue from selling solar trackers, such as NX Horizon and NX Gemini, and from licensing TrueCapture software products.
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