NEXTracker (NEXTracker) Retained Earnings : $0 Mil (As of Mar. 2024)

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What is NEXTracker Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. NEXTracker's retained earnings for the quarter that ended in Mar. 2024 was $0 Mil.

NEXTracker's quarterly retained earnings increased from Sep. 2023 ($-3,313 Mil) to Dec. 2023 ($-3,272 Mil) and increased from Dec. 2023 ($-3,272 Mil) to Mar. 2024 ($0 Mil).

NEXTracker's annual retained earnings declined from Mar. 2022 ($0 Mil) to Mar. 2023 ($-3,076 Mil) but then increased from Mar. 2023 ($-3,076 Mil) to Mar. 2024 ($0 Mil).

NEXTracker Retained Earnings Historical Data

The historical data trend for NEXTracker's Retained Earnings 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 Retained Earnings Chart

NEXTracker Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Retained Earnings

-3,075.78

NEXTracker Quarterly Data
	Mar20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Retained Earnings	Get a 7-Day Free Trial								-3,075.78	-3,352.39	-3,313.14	-3,271.95	-

NEXTracker Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

NEXTracker (NAS:NXT) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.

NEXTracker (NEXTracker) Business Description

Industry

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

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