Nextracker Accounts Payable vs Good Will Analysis

NXT Stock   35.30  0.17  0.48%   
Nextracker financial indicator trend analysis is infinitely more than just investigating Nextracker Class A recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nextracker Class A is a good investment. Please check the relationship between Nextracker Accounts Payable and its Good Will accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nextracker Class A. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.

Accounts Payable vs Good Will

Accounts Payable vs Good Will Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nextracker Class A Accounts Payable account and Good Will. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Nextracker's Accounts Payable and Good Will is -0.6. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Good Will in the same time period over historical financial statements of Nextracker Class A, assuming nothing else is changed. The correlation between historical values of Nextracker's Accounts Payable and Good Will is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Nextracker Class A are associated (or correlated) with its Good Will. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Good Will has no effect on the direction of Accounts Payable i.e., Nextracker's Accounts Payable and Good Will go up and down completely randomly.

Correlation Coefficient

-0.6
Relationship DirectionNegative 
Relationship StrengthWeak

Accounts Payable

An accounting item on the balance sheet that represents Nextracker obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Nextracker Class A are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.

Good Will

An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.
Most indicators from Nextracker's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nextracker Class A current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nextracker Class A. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.
At this time, Nextracker's Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to about 117.4 M in 2024, whereas Enterprise Value Over EBITDA is likely to drop 6.43 in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit147.0M287.0M813.0M853.7M
Total Revenue1.5B1.9B2.5B1.6B

Nextracker fundamental ratios Correlations

0.950.97-0.10.90.94-0.75-0.860.950.830.950.780.840.97-0.590.90.840.890.810.790.950.88-0.79-0.770.840.9
0.950.99-0.040.850.94-0.71-0.80.980.790.850.770.790.96-0.60.810.880.950.810.770.980.88-0.85-0.850.760.91
0.970.99-0.090.830.96-0.74-0.820.990.820.850.750.830.96-0.590.830.860.950.80.750.970.88-0.89-0.810.790.93
-0.1-0.04-0.09-0.14-0.3-0.420.330.050.19-0.170.340.15-0.25-0.33-0.46-0.13-0.190.270.29-0.170.060.270.31-0.31-0.29
0.90.850.83-0.140.78-0.61-0.810.820.710.840.70.710.93-0.550.820.890.850.760.70.910.81-0.72-0.810.770.9
0.940.940.96-0.30.78-0.64-0.890.910.770.880.680.790.95-0.540.920.820.910.730.70.930.85-0.89-0.820.860.9
-0.75-0.71-0.74-0.42-0.61-0.640.64-0.8-0.96-0.65-0.91-0.95-0.650.85-0.51-0.67-0.62-0.91-0.9-0.65-0.880.630.45-0.65-0.61
-0.86-0.8-0.820.33-0.81-0.890.64-0.74-0.83-0.9-0.78-0.84-0.890.72-0.94-0.86-0.77-0.81-0.81-0.82-0.890.770.84-1.0-0.8
0.950.980.990.050.820.91-0.8-0.740.820.80.760.830.93-0.60.740.840.940.810.750.950.88-0.87-0.760.710.91
0.830.790.820.190.710.77-0.96-0.830.820.770.951.00.77-0.90.690.790.710.960.950.750.97-0.73-0.630.840.71
0.950.850.85-0.170.840.88-0.65-0.90.80.770.750.780.9-0.580.950.730.720.770.780.830.8-0.62-0.70.880.76
0.780.770.750.340.70.68-0.91-0.780.760.950.750.930.71-0.950.620.780.640.991.00.70.93-0.6-0.640.790.6
0.840.790.830.150.710.79-0.95-0.840.831.00.780.930.78-0.880.710.790.730.940.930.760.97-0.76-0.630.850.73
0.970.960.96-0.250.930.95-0.65-0.890.930.770.90.710.78-0.560.910.910.950.770.720.990.87-0.87-0.880.850.97
-0.59-0.6-0.59-0.33-0.55-0.540.850.72-0.6-0.9-0.58-0.95-0.88-0.56-0.48-0.73-0.52-0.94-0.95-0.55-0.880.550.59-0.75-0.47
0.90.810.83-0.460.820.92-0.51-0.940.740.690.950.620.710.91-0.480.760.760.660.660.840.77-0.72-0.770.920.82
0.840.880.86-0.130.890.82-0.67-0.860.840.790.730.780.790.91-0.730.760.920.840.780.930.92-0.88-0.950.830.9
0.890.950.95-0.190.850.91-0.62-0.770.940.710.720.640.730.95-0.520.760.920.710.630.980.84-0.95-0.890.720.97
0.810.810.80.270.760.73-0.91-0.810.810.960.770.990.940.77-0.940.660.840.710.990.760.96-0.67-0.710.820.68
0.790.770.750.290.70.7-0.9-0.810.750.950.781.00.930.72-0.950.660.780.630.990.70.94-0.6-0.650.820.6
0.950.980.97-0.170.910.93-0.65-0.820.950.750.830.70.760.99-0.550.840.930.980.760.70.86-0.9-0.890.780.97
0.880.880.880.060.810.85-0.88-0.890.880.970.80.930.970.87-0.880.770.920.840.960.940.86-0.83-0.810.890.82
-0.79-0.85-0.890.27-0.72-0.890.630.77-0.87-0.73-0.62-0.6-0.76-0.870.55-0.72-0.88-0.95-0.67-0.6-0.9-0.830.84-0.74-0.93
-0.77-0.85-0.810.31-0.81-0.820.450.84-0.76-0.63-0.7-0.64-0.63-0.880.59-0.77-0.95-0.89-0.71-0.65-0.89-0.810.84-0.8-0.85
0.840.760.79-0.310.770.86-0.65-1.00.710.840.880.790.850.85-0.750.920.830.720.820.820.780.89-0.74-0.80.76
0.90.910.93-0.290.90.9-0.61-0.80.910.710.760.60.730.97-0.470.820.90.970.680.60.970.82-0.93-0.850.76
Click cells to compare fundamentals

Nextracker Account Relationship Matchups

Nextracker fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets619.2M881.0M1.0B1.4B2.5B1.3B
Other Current Liab100.5M82.5M128.9M117.7M209.3M128.1M
Total Current Liabilities362.9M391.4M473.4M507.4M891.5M514.4M
Total Stockholder Equity231.1M456.0M(3.0M)(3.1B)961.0M1.0B
Property Plant And Equipment Net3.9M5.0M7.4M7.3M9.2M7.0M
Current Deferred Revenue85.5M77.4M77.9M176.5M225.5M120.5M
Net Debt2.5M(186.1M)(24.6M)17.1M(330.1M)(313.6M)
Retained Earnings231.1M456.0M(3.0M)(3.1B)(3.1B)(2.9B)
Accounts Payable175.5M231.5M266.6M211.4M456.6M265.3M
Cash3.0M190.6M29.1M130.0M474.1M497.8M
Non Current Assets Total316.4M297.7M303.2M547.4M750.5M465.6M
Non Currrent Assets Other21.8M16.5M28.1M16.6M474.6M498.3M
Cash And Short Term Investments3.0M218.0M38.4M159.3M474.1M497.8M
Net Receivables222.8M268.2M460.7M569.1M779.8M456.2M
Liabilities And Stockholders Equity619.2M881.0M1.0B1.4B2.5B1.3B
Non Current Liabilities Total25.2M33.6M547.0M427.4M635.3M667.0M
Inventory73.2M84.5M172.2M138.1M201.7M127.8M
Other Current Assets3.9M12.6M52.1M35.1M312.6M328.3M
Other Stockholder Equity(231.1M)(456.0M)(504.2M)0.04.0B4.2B
Total Liab388.1M424.9M1.0B934.8M1.5B823.7M
Total Current Assets302.8M583.3M714.1M872.3M1.8B1.9B
Intangible Assets25.5M11.0M2.5M1.3M1.5M1.5M

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