NEXTracker (NEXTracker) Total Inventories : $202 Mil (As of Mar. 2024)

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What is NEXTracker Total Inventories?

NEXTracker's total inventories for the quarter that ended in Mar. 2024 was $202 Mil. NEXTracker's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was $202 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. NEXTracker's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-4.87.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. NEXTracker's Days Inventory for the three months ended in Mar. 2024 was 46.59.

Inventory Turnover measures how fast the company turns over its inventory within a year. NEXTracker's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.96.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. NEXTracker's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.27.

NEXTracker Total Inventories Historical Data

The historical data trend for NEXTracker's Total Inventories 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 Total Inventories Chart

NEXTracker Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Total Inventories

84.47

172.21

138.06

201.74

NEXTracker Quarterly Data
	Mar20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Inventories	Get a 7-Day Free Trial								138.06	136.66	196.24	202.66	201.74

NEXTracker Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

NEXTracker (NAS:NXT) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

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

	Net-Net Working Capital Per Share (Q: Mar. 2024 )
=	(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

2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

NEXTracker's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	202.199	/	396.045	*	365 / 4
	=	46.59

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

NEXTracker's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Mar. 2024 )	/	Average Total Inventories (Q: Mar. 2024 )
	=	396.045	/	202.199
	=	1.96

4. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

NEXTracker's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	202.199	/	736.515
	=	0.27

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

NEXTracker Total Inventories Related Terms

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NEXTracker (NEXTracker) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

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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