Nextracker Ebitda vs Research Development Analysis

NXT Stock

37.40 0.19 0.51%

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 Ebitda and its Research Development 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.

Ebitda vs Research Development

Ebitda vs Research Development Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nextracker Class A Ebitda account and Research Development. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Nextracker's Ebitda and Research Development is 0.97. Overlapping area represents the amount of variation of Ebitda that can explain the historical movement of Research Development 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 Ebitda and Research Development is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ebitda of Nextracker Class A are associated (or correlated) with its Research Development. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Research Development has no effect on the direction of Ebitda i.e., Nextracker's Ebitda and Research Development go up and down completely randomly.

Correlation Coefficient

0.97

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Ebitda

Research Development

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 Profit	147.0M	287.0M	813.0M	853.7M
Total Revenue	1.5B	1.9B	2.5B	1.6B

Gross Profit Total Revenue

Nextracker fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Intangible Assets	Common Stock	Short Long Term Debt Total	Other Liab
Total Assets		0.95	0.97	-0.1	0.9	0.94	-0.75	-0.86	0.95	0.83	0.95	0.78	0.84	0.97	-0.59	0.9	0.84	0.89	0.81	0.79	0.95	0.88	-0.79	-0.77	0.84	0.9
Other Current Liab	0.95		0.99	-0.04	0.85	0.94	-0.71	-0.8	0.98	0.79	0.85	0.77	0.79	0.96	-0.6	0.81	0.88	0.95	0.81	0.77	0.98	0.88	-0.85	-0.85	0.76	0.91
Total Current Liabilities	0.97	0.99		-0.09	0.83	0.96	-0.74	-0.82	0.99	0.82	0.85	0.75	0.83	0.96	-0.59	0.83	0.86	0.95	0.8	0.75	0.97	0.88	-0.89	-0.81	0.79	0.93
Total Stockholder Equity	-0.1	-0.04	-0.09		-0.14	-0.3	-0.42	0.33	0.05	0.19	-0.17	0.34	0.15	-0.25	-0.33	-0.46	-0.13	-0.19	0.27	0.29	-0.17	0.06	0.27	0.31	-0.31	-0.29
Property Plant And Equipment Net	0.9	0.85	0.83	-0.14		0.78	-0.61	-0.81	0.82	0.71	0.84	0.7	0.71	0.93	-0.55	0.82	0.89	0.85	0.76	0.7	0.91	0.81	-0.72	-0.81	0.77	0.9
Current Deferred Revenue	0.94	0.94	0.96	-0.3	0.78		-0.64	-0.89	0.91	0.77	0.88	0.68	0.79	0.95	-0.54	0.92	0.82	0.91	0.73	0.7	0.93	0.85	-0.89	-0.82	0.86	0.9
Net Debt	-0.75	-0.71	-0.74	-0.42	-0.61	-0.64		0.64	-0.8	-0.96	-0.65	-0.91	-0.95	-0.65	0.85	-0.51	-0.67	-0.62	-0.91	-0.9	-0.65	-0.88	0.63	0.45	-0.65	-0.61
Retained Earnings	-0.86	-0.8	-0.82	0.33	-0.81	-0.89	0.64		-0.74	-0.83	-0.9	-0.78	-0.84	-0.89	0.72	-0.94	-0.86	-0.77	-0.81	-0.81	-0.82	-0.89	0.77	0.84	-1.0	-0.8
Accounts Payable	0.95	0.98	0.99	0.05	0.82	0.91	-0.8	-0.74		0.82	0.8	0.76	0.83	0.93	-0.6	0.74	0.84	0.94	0.81	0.75	0.95	0.88	-0.87	-0.76	0.71	0.91
Cash	0.83	0.79	0.82	0.19	0.71	0.77	-0.96	-0.83	0.82		0.77	0.95	1.0	0.77	-0.9	0.69	0.79	0.71	0.96	0.95	0.75	0.97	-0.73	-0.63	0.84	0.71
Non Current Assets Total	0.95	0.85	0.85	-0.17	0.84	0.88	-0.65	-0.9	0.8	0.77		0.75	0.78	0.9	-0.58	0.95	0.73	0.72	0.77	0.78	0.83	0.8	-0.62	-0.7	0.88	0.76
Non Currrent Assets Other	0.78	0.77	0.75	0.34	0.7	0.68	-0.91	-0.78	0.76	0.95	0.75		0.93	0.71	-0.95	0.62	0.78	0.64	0.99	1.0	0.7	0.93	-0.6	-0.64	0.79	0.6
Cash And Short Term Investments	0.84	0.79	0.83	0.15	0.71	0.79	-0.95	-0.84	0.83	1.0	0.78	0.93		0.78	-0.88	0.71	0.79	0.73	0.94	0.93	0.76	0.97	-0.76	-0.63	0.85	0.73
Net Receivables	0.97	0.96	0.96	-0.25	0.93	0.95	-0.65	-0.89	0.93	0.77	0.9	0.71	0.78		-0.56	0.91	0.91	0.95	0.77	0.72	0.99	0.87	-0.87	-0.88	0.85	0.97
Good Will	-0.59	-0.6	-0.59	-0.33	-0.55	-0.54	0.85	0.72	-0.6	-0.9	-0.58	-0.95	-0.88	-0.56		-0.48	-0.73	-0.52	-0.94	-0.95	-0.55	-0.88	0.55	0.59	-0.75	-0.47
Common Stock Shares Outstanding	0.9	0.81	0.83	-0.46	0.82	0.92	-0.51	-0.94	0.74	0.69	0.95	0.62	0.71	0.91	-0.48		0.76	0.76	0.66	0.66	0.84	0.77	-0.72	-0.77	0.92	0.82
Non Current Liabilities Total	0.84	0.88	0.86	-0.13	0.89	0.82	-0.67	-0.86	0.84	0.79	0.73	0.78	0.79	0.91	-0.73	0.76		0.92	0.84	0.78	0.93	0.92	-0.88	-0.95	0.83	0.9
Inventory	0.89	0.95	0.95	-0.19	0.85	0.91	-0.62	-0.77	0.94	0.71	0.72	0.64	0.73	0.95	-0.52	0.76	0.92		0.71	0.63	0.98	0.84	-0.95	-0.89	0.72	0.97
Other Current Assets	0.81	0.81	0.8	0.27	0.76	0.73	-0.91	-0.81	0.81	0.96	0.77	0.99	0.94	0.77	-0.94	0.66	0.84	0.71		0.99	0.76	0.96	-0.67	-0.71	0.82	0.68
Other Stockholder Equity	0.79	0.77	0.75	0.29	0.7	0.7	-0.9	-0.81	0.75	0.95	0.78	1.0	0.93	0.72	-0.95	0.66	0.78	0.63	0.99		0.7	0.94	-0.6	-0.65	0.82	0.6
Total Liab	0.95	0.98	0.97	-0.17	0.91	0.93	-0.65	-0.82	0.95	0.75	0.83	0.7	0.76	0.99	-0.55	0.84	0.93	0.98	0.76	0.7		0.86	-0.9	-0.89	0.78	0.97
Total Current Assets	0.88	0.88	0.88	0.06	0.81	0.85	-0.88	-0.89	0.88	0.97	0.8	0.93	0.97	0.87	-0.88	0.77	0.92	0.84	0.96	0.94	0.86		-0.83	-0.81	0.89	0.82
Intangible Assets	-0.79	-0.85	-0.89	0.27	-0.72	-0.89	0.63	0.77	-0.87	-0.73	-0.62	-0.6	-0.76	-0.87	0.55	-0.72	-0.88	-0.95	-0.67	-0.6	-0.9	-0.83		0.84	-0.74	-0.93
Common Stock	-0.77	-0.85	-0.81	0.31	-0.81	-0.82	0.45	0.84	-0.76	-0.63	-0.7	-0.64	-0.63	-0.88	0.59	-0.77	-0.95	-0.89	-0.71	-0.65	-0.89	-0.81	0.84		-0.8	-0.85
Short Long Term Debt Total	0.84	0.76	0.79	-0.31	0.77	0.86	-0.65	-1.0	0.71	0.84	0.88	0.79	0.85	0.85	-0.75	0.92	0.83	0.72	0.82	0.82	0.78	0.89	-0.74	-0.8		0.76
Other Liab	0.9	0.91	0.93	-0.29	0.9	0.9	-0.61	-0.8	0.91	0.71	0.76	0.6	0.73	0.97	-0.47	0.82	0.9	0.97	0.68	0.6	0.97	0.82	-0.93	-0.85	0.76

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Nextracker Account Relationship Matchups

Nextracker fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	619.2M	881.0M	1.0B	1.4B	2.5B	1.3B
Other Current Liab	100.5M	82.5M	128.9M	117.7M	209.3M	128.1M
Total Current Liabilities	362.9M	391.4M	473.4M	507.4M	891.5M	514.4M
Total Stockholder Equity	231.1M	456.0M	(3.0M)	(3.1B)	961.0M	1.0B
Property Plant And Equipment Net	3.9M	5.0M	7.4M	7.3M	9.2M	7.0M
Current Deferred Revenue	85.5M	77.4M	77.9M	176.5M	225.5M	120.5M
Net Debt	2.5M	(186.1M)	(24.6M)	17.1M	(330.1M)	(313.6M)
Retained Earnings	231.1M	456.0M	(3.0M)	(3.1B)	(3.1B)	(2.9B)
Accounts Payable	175.5M	231.5M	266.6M	211.4M	456.6M	265.3M
Cash	3.0M	190.6M	29.1M	130.0M	474.1M	497.8M
Non Current Assets Total	316.4M	297.7M	303.2M	547.4M	750.5M	465.6M
Non Currrent Assets Other	21.8M	16.5M	28.1M	16.6M	474.6M	498.3M
Cash And Short Term Investments	3.0M	218.0M	38.4M	159.3M	474.1M	497.8M
Net Receivables	222.8M	268.2M	460.7M	569.1M	779.8M	456.2M
Liabilities And Stockholders Equity	619.2M	881.0M	1.0B	1.4B	2.5B	1.3B
Non Current Liabilities Total	25.2M	33.6M	547.0M	427.4M	635.3M	667.0M
Inventory	73.2M	84.5M	172.2M	138.1M	201.7M	127.8M
Other Current Assets	3.9M	12.6M	52.1M	35.1M	312.6M	328.3M
Other Stockholder Equity	(231.1M)	(456.0M)	(504.2M)	0.0	4.0B	4.2B
Total Liab	388.1M	424.9M	1.0B	934.8M	1.5B	823.7M
Total Current Assets	302.8M	583.3M	714.1M	872.3M	1.8B	1.9B
Intangible Assets	25.5M	11.0M	2.5M	1.3M	1.5M	1.5M

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