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NEXTracker (NEXTracker) EBIT : $587 Mil (TTM As of Mar. 2024)


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What is NEXTracker EBIT?

NEXTracker's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $271 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $587 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. NEXTracker's annualized ROC % for the quarter that ended in Mar. 2024 was 62.55%. NEXTracker's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 9,342.85%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. NEXTracker's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 7.91%.


NEXTracker EBIT Historical Data

The historical data trend for NEXTracker's EBIT 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.

* Premium members only.

NEXTracker EBIT Chart

NEXTracker Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24
EBIT
148.91 158.53 65.91 168.49 587.12

NEXTracker Quarterly Data
Mar20 Mar21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 40.58 73.88 94.09 148.47 270.67

Competitive Comparison of NEXTracker's EBIT

For the Solar subindustry, NEXTracker's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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 EV-to-EBIT Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, NEXTracker's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where NEXTracker's EV-to-EBIT falls into.



NEXTracker EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $587 Mil.

* 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.


NEXTracker  (NAS:NXT) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

NEXTracker's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=1082.696 * ( 1 - 21.15% )/( (1223.918 + 1505.679)/ 2 )
=853.705796/1364.7985
=62.55 %

where

Invested Capital(Q: Dec. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=2095.125 - 503.389 - ( 367.818 - max(0, 759.437 - 1418.96+367.818))
=1223.918

Invested Capital(Q: Mar. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=2518.782 - 539.049 - ( 474.054 - max(0, 891.486 - 1768.235+474.054))
=1505.679

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

NEXTracker's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1082.696/( ( (8.369 + max(-59.84, 0)) + (9.236 + max(5.572, 0)) )/ 2 )
=1082.696/( ( 8.369 + 14.808 )/ 2 )
=1082.696/11.5885
=9,342.85 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(365.271 + 202.662 + 131.664) - (503.389 + 180.021 + 76.027)
=-59.84

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(382.687 + 201.736 + 312.635) - (539.049 + 225.539 + 126.898)
=5.572

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

NEXTracker's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=587.118/7421.426
=7.91 %

* 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.


NEXTracker EBIT Related Terms

Thank you for viewing the detailed overview of NEXTracker's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


NEXTracker (NEXTracker) Business Description

Traded in Other Exchanges
N/A
Address
6200 Paseo Padre Parkway, Fremont, CA, USA, 94555
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