Nextracker Current Deferred Revenue vs Other Current Liab Analysis

NXT Stock   36.41  1.11  3.14%   
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 Current Deferred Revenue and its Other Current Liab 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.

Current Deferred Revenue vs Other Current Liab

Current Deferred Revenue vs Other Current Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nextracker Class A Current Deferred Revenue account and Other Current Liab. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Nextracker's Current Deferred Revenue and Other Current Liab is 0.94. Overlapping area represents the amount of variation of Current Deferred Revenue that can explain the historical movement of Other Current Liab 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 Current Deferred Revenue and Other Current Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Current Deferred Revenue of Nextracker Class A are associated (or correlated) with its Other Current Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Liab has no effect on the direction of Current Deferred Revenue i.e., Nextracker's Current Deferred Revenue and Other Current Liab go up and down completely randomly.

Correlation Coefficient

0.94
Relationship DirectionPositive 
Relationship StrengthVery Strong

Current Deferred Revenue

Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.

Other Current Liab

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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When running Nextracker's price analysis, check to measure Nextracker's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Nextracker is operating at the current time. Most of Nextracker's value examination focuses on studying past and present price action to predict the probability of Nextracker's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nextracker's price. Additionally, you may evaluate how the addition of Nextracker to your portfolios can decrease your overall portfolio volatility.