NEXTracker (NEXTracker) Accounts Receivable : $383 Mil (As of Mar. 2024)

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What is NEXTracker Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. NEXTracker's accounts receivables for the quarter that ended in Mar. 2024 was $383 Mil.

Accounts receivable can be measured by Days Sales Outstanding. NEXTracker's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 47.41.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. NEXTracker's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-4.87.

NEXTracker Accounts Receivable Historical Data

The historical data trend for NEXTracker's Accounts Receivable 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.

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NEXTracker Accounts Receivable Chart

NEXTracker Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Accounts Receivable

121.42

168.30

271.16

382.69

NEXTracker Quarterly Data
	Mar20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial								271.16	222.75	346.66	365.27	382.69

NEXTracker Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

NEXTracker Accounts Receivable Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's accounts receivables are being managed.

NEXTracker's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	382.687	/	736.515	*	91
=	47.41

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), NEXTracker's accounts receivable are only considered to be worth 75% of book value:

NEXTracker's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is calculated as:

	Net-Net Working Capital Per Share
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(474.054	+	0.75 * 382.687	+	0.5 * 201.736	-	1526.754
-	0	-	0)	/	136.542
=	-4.87

Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.

NEXTracker Accounts Receivable Related Terms

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NEXTracker (NEXTracker) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » NEXTracker Inc (NAS:NXT) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

6200 Paseo Padre Parkway, Fremont, CA, USA, 94555

Website

https://www.nextracker.com

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.

Executives

Daniel S Shugar	director, officer: Chief Executive Officer	3939 NORTH FIRST STREET, SAN JOSE CA 95134
Leah Schlesinger	officer: GC, Ch Eth & Compl Off'r & Sec	6200 PASEO PADRE PARKWAY, FREMONT CA 94555
William D Watkins	director	P O BOX 8, SAINT PETERS MO 63376
Charles D Boynton	director
Flex Ltd.	10 percent owner	2 CHANGI SOUTH LANE, SINGAPORE U0 486123
Tpg Gp A, Llc	10 percent owner	301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102
Kyra Lynn Whitten	director	17465 RINGEL DRIVE, MORGAN HILL CA 95037
Brandi Elizabeth Thomas	director	C/O NEXTRACKER HQ, 6200 PASEO PADRE PKWY, FREMONT CA 94555
Howard Wenger	officer: President	3939 NORTH FIRST STREET, SAN JOSE CA 95134
Nicholas Marco Miller	officer: Chief Operating Officer	6200 PASEO PADRE PARKWAY, FREMONT CA 94555
Bruce Ledesma	officer: Pres, Strat'y, Software & Admn	3939 NORTH FIRST STREET, SAN JOSE CA 95134
David P Bennett	officer: Chief Financial Officer	3616 NICOLE AVE, PLEASANTON CA 94588
Willy C Shih	director	343 STATE STREET, ROCHESTER NY 146500211
Michael P Hartung	director	6201 AMERICA CENTER DRIVE, SAN JOSE CA 95002
Steven B. Mandel	director	301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102