On this page of Benford's Law Stocks.com we present our study of Nextracker Inc. — ticker symbol NXT. SEC filings have been screened by our Benford's Law software, for quarterly 10Q and annual 10K filings from 3/8/2023 to 5/28/2024 for Nextracker Inc. under CIK number 0001852131. For filings made in XBRL (eXtensible Business Reporting Language) format, our algorithm extracts all "tagged" numbers presented by the company; for any non-XBRL filings our algorithm uses its own interal set of rules to extract what it believes to be numbers as found throughout the filings. The format found for each filing is presented below together with the results for NXT, with the percentage of found numbers beginning with each digit (1's, 2's, 3's, 4's, 5's, 6's, 7's, 8's, and 9's) charted against the "normal" range observed throughout our coverage universe, as well as the "normal" range for Nextracker Inc. based on the past NXT filings our system processed in the past.
30.3
16.6
16.9
9.1
9.0
6.7
4.4
3.3
3.6
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
XBRL?   [ original filing, NXT stockholder letter ]
Total numbers found: 854
Recent share count: 136,542,423 (1's column)

= Typical range across full coverage universe
Benford's Law Stocks Indicator
854
High count compared to other filers, with NXT falling in the highest quartile of filers. At this number count, it would take about 9 numbers to move any given column by a full percentage point.
81

Starting from a possible score of 100, we made the following score deductions:
 • The 3's percentage was higher than the 2's percentage, increasing the penalty multiplier.
 • We deducted points (includes the impact of penalty multiplier) upon observing the 3's percentage was above the typical coverage universe range.
 • We deducted points (includes the impact of penalty multiplier) upon observing the 3's percentage was above the company's typical historical range.
 • We deducted point upon observing the 8's percentage was below the typical coverage universe range.
 • The 9's percentage was higher than the 8's percentage, increasing the penalty multiplier.
 • This is the 2nd column with percentage higher than the prior column, resulting in a penalty deduction.
Benford's Law Stocks Indicator
NXT
Normal-to-high score compared to other filers, falling within the top of the middle 50%.
MBC
CFOO
ACA
ALE
SEZL
CPMD
NBSTU
AGX
Check our work! We provide our Nextracker Inc. Benford's Law analysis for informational purposes only, and our software should be expected to make mistakes and contain errors (nothing you see on this website should be relied upon for any decision-making without first repeating the analysis yourself independently), and so below we present to you all of the numbers our system detected, for the NXT filing above. This way, you can open the filing on your own and compare what you see below against what you yourself find. This can also be helpful for exploring any columns in particular that caught your eye.

1's 2's 3's
We found 259 numbers that start with the digit 1. Here they are:
141,291,252
130,008
1,768
138,057
1,768,235
1,546
1,321
1,419,680
176,473
12,239
126,898
143,967
147,147
1,526,754
140,773,223
14
10
17
1,419,680
1,902,137
1,457,592
1,686,792
1,615,164
1,310,561
147,031
183,571
14,176
168,485
13,820
1,833
169,083
111,782
14,195
121,333
117,744
189,974
1,143
147,284,330
145,851,637
117,744
175,000
110,119
15,279,190
149,915
149,917
149,917
128,794,522
10
1,143
1,143
1,143
16,875
10
10
171,937
18,037
15,631,562
1
15,631,562
18,337
18,337
18,337
1
1
17,339
17
17
17
140,773,223
14
17
121,333
11,146
1,243
1,429
1,752
1,613
113,955
160,265
145,613
104,171
18,984
18,003
120,472
15,243
10,509
107,669
147,113
167
170,000
175,000
100,938
161,519
130,008
190,589
130,008
100
15,631,562
14,025,000
1,606,562
14,025,000
1,606,562
100
141.4
116.3
152.3
121.4
125.4
1,054
1,768
1,768
10
196.2
12
15
10
16
10,485
13,099
12,511
10,623
11,783
10,080
1,111
17,300
104.7
125.4
15.2
11.8
171,937
1.9
13.6
1.5
1,922
1,769
17,390
17,457
1,928
1,818
15,873
1,718
19,595
17,457
127,924
1,851,621
1,329,668
1,902,137
1,457,592
1,454
1,546
1,179
1,321
1,207
175
1,546
128,794,522
15,279,190
175.0
153.3
150.0
100
140,773,223
18,150,000
15,631,562
14,025,000
1,606,562
14,025,000
1,606,562
1.8
100
12.9
10,764
12,794
1,526
19,200
1,522
12.3
17,490
1,381,092
126,567
17.03
13.2
1,007,476
131
19.35
1,310,025
160
102.2
19,617
19,617
1,143
1,089,554
1,268,923
1,291,346
189,974
147,284,330
145,851,637
150.0
147.7
147.1
144.0
147.1
100.0
1.25
10
162.5
100
162.5
1.72
131,250
150,000
1,596
138
13.0
1.8
1,483
19,550
19.3
175.0
153.3
150.0
117,115
19,849
169,083
13,558
18,238
19,532
111,782
14,195
127,679
13,673
1,583
11,020
12,416
1,671
114
111,782
14,195
14,319
15,085
15,629
1,598
1,173
1,528
189
1.2
14.0
1.4
1,702,611
1,298,596
1,902,137
1,457,592
1,702,611
1,298,596
11
16
188,368
13
10
We found 142 numbers that start with the digit 2. Here they are:
2.5
271,159
297,960
201,736
265,153
265,153
273,686
2,518,782
211,355
225,539
280,246
2,518,782
2,499,841
286,973
21,619
2,431
2,446
21,427
21,427
265,564
2
2,446
28,851
28,851
28,851
215,693
2
2,792
2,792
2,515
297,037
22,826
22,826
2,427
25,990
25,062
245,374
21,838
28,173
23,282
24
20,000
24,205
2,853
29,070
29,070
24.00
298.0
294.9
21
2,197
22,591
22,591
24,555
21,389
2.7
230.3
29.3
257.1
230.3
265,564
2,446
2,281
2,299
2,599
2,138
2,464,573
2,499,841
265.2
2,500
275
250
275
21.7
22.68
2,518,438
23.3
23,213
292,958
2.5
2.7
2,002,419
20.40
21.33
26.93
2,718,133
20.40
219,713
23.01
220
293
23.01
219,704
292,958
200
200
2,692,619
21.00
21.00
23.84
23.84
24.95
2,661,670
21.00
2,661,670
21.00
23.84
23.84
2.7
2,661,670
2,661,670
2,446
200
200
20
206
23,823
20,428
21,427
22.3
2,934
21.7
2,928
2,165
2,638
2,265
2,230
2,742
2,222
249,377
258,664
257,136
254,394
254,767
254,394
25
230.3
249.4
28.4
2,499,841
281,272
295,846
We found 144 numbers that start with the digit 3. Here they are:
3,856,175
3,872
382,687
397,123
312,635
35,081
3,560,628
3,856,175
3,066,578
3,075,782
3,075,767
31,015
3,075,767
34
34,699
306,241
3.97
3.37
3,048
3,035
3,035
3,143
31,544
30,590,000
3
30,590,000
36,864
36,864
36,864
3,292,618
3,076,925
3,292,618
3,292,618
3,560,628
3,075,782
3,075,767
3,075,767
3,560,628
3,075,782
3,075,767
3,075,767
306,241
306,241
324,278
3,868,543
3,835,711
3,835,711
32,832
3,868,543
3,856,175
3,066,578
31,015
31,994
3,048
37,990
37,026
35,818
3,183
3,159
3,051
3,572
344,046
30,590,000
30,590,000
397.1
3.0
3,595
3,574
3,574
3,872
331.0
3,051
30,625
3.4
391.6
39.2
391.6
35.8
3,560,628
3,292,618
3,868,543
3,560,628
3.9
3,337
3,394
3,103
35,268
3,000
350
350
350
321
30,590,000
30,590,000
300
38,325
31,994
3,048
3.8
31.37
300
39.24
30,949
3,151,402
3,151,402
3,151,402
3,151,402
3.2
306,241
3.97
377,316
3.37
3,589
3.7
300.0
35
3,750
3.4
3.1
39,025
35,240
35,490
31,544
37.5
36.5
38.6
31,988
35,244
30,496
38,592
35,508
3,235
3,659
31,279
3
373
3.9
3,671
3,860
349
391.6
32
32
38
4's 5's 6's
We found 78 numbers that start with the digit 4. Here they are:
474,054
474,612
456,639
47,589
491,301
45,886,065
4,027,560
42,360
47,750
496,215
45,886,065
456,047
4,168
4,168
45,886,065
45,886,065
4,284,166
4,284,166
4,027,560
496,215
4,363
4,626
45,458
42,468
428,973
474,054
40.4
426.1
4,459
4,302
4.1
438.3
43.2
44.6
4.7
4,722
4,552
4,619
4,043
4,422
42.91
42,218
4.6
41.55
47.01
439,408
436,675
489,732
470,115
40.47
470,115
40.47
45,886,065
496,215
434.3
41,238
47.7
48.5
45,259
47,750
41,348
424
4,535
4,500
47,750
458
409,716
445,740
444,567
429,482
438,272
429,482
434
440
465
434
440
409.7
We found 77 numbers that start with the digit 5. Here they are:
59,770
507,426
5
500,000,000
587,118
50,913
50,913
50,913
500,000
500,000
504,168
504,168
525,595
5
5
56,783
56,783
56,783
538,811
552,008
552,009
552,009
552,007
552,009
552,009
5,307
525,598
5,487
50,913
56,783
5,337
5,917
500
5,750
552,009
552,009
552.0
5,621
5,168
5.6
50,516
500,000,000
50,000,000
552.0
51.45
5.63
51.48
51.48
5.1
56,783
538,811
54.77
55.26
585,916
54.53
5.17
558,733
5
500.0
50.0
5,331
5,331
52,529
5.2
576,009
51,968
5,974
53,482
5,732
5,337
5,574
54
5,032
5,467
5,908
5
552,646
We found 57 numbers that start with the digit 6. Here they are:
66,948
65,907
607,997
65,108
693,778
693,781
693,781
66
693,781
693,781
693,781
622,292
622,292
622,292
622,292
64,365
67
60,981
6,160
6,660
693,781
693,781
66,881
693.8
6.4
69.3
622,292
64,365
693.8
662.5
62,053,870
66.9
65
65
6.30
6.30
67,299,481
65.7
625
62.5
6.92
6.90
622,292
67.1
607,997
65,108
65,286
6,173
6
66.9
68
68
62
603,541
68
68
62
7's 8's 9's
We found 38 numbers that start with the digit 7. Here they are:
7,255
765
77,067,639
76
76
74,432,619
7
74,432,619
7
7,084
76
78,267
74,432,619
74.9
72
70
76
752
7,255
756
74,432,619
74,432,619
74,432,619
74,432,619
7,694
70
787,763
77,067,639
7.12
7,500
7,500
7,904
73,190
7,487
7,810
763
797,230
7.2
We found 28 numbers that start with the digit 8. Here they are:
872,265
82,410
891,486
813,049
8,875
822,635
822,635
822,635
87,736
82,606
8,335
8,656
8,656
8.7
85
822,635
8,465
8,140,341
82,921
8,875
8,660
8,096
836
880
875
8,790
85
85
We found 31 numbers that start with the digit 9. Here they are:
9,236
934,819
900,000,000
98,204,522
961,013
992,028
96,869
98,204,522
98,204,522
961,013
992,028
99,163
93
993
9,062
9,236
957
900,000,000
9.89
9.89
92,388
98,204,522
9.9
9,999
94.3
9,055
94
9,455
904,946
904,946
9.0
While the above NXT 10K Filed 5/28/2024 is interesting in isolation, we have found that it is also useful to take a look at older Nextracker Inc. filings processed by our Benford's Law Stocks algorithm, to see how the company's filings "typically look" on a Benford's Law analysis. Below we repeat the 10K Filed 5/28/2024 but instead of the chart comparing against the typical company across our coverage universe, below we show the same chart compared against the typical NXT 10Q and 10K filings that we have processed historically. This is followed by similar charts for each of those historical filings.

30.3
16.6
16.9
9.1
9.0
6.7
4.4
3.3
3.6
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 81
XBRL?   [ original filing ]
Total numbers found: 854

= Typical NXT range from 3/8/2023 to 5/28/2024
26.9
19.1
14.8
12.7
10.2
5.7
2.5
4.9
3.2
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 87
XBRL?   [ original filing ]
Total numbers found: 283

= Typical NXT range from 3/8/2023 to 5/28/2024
30.4
12.9
12.5
8.0
12.3
8.0
4.9
6.5
4.5
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 77
XBRL?   [ original filing ]
Total numbers found: 448

= Typical NXT range from 3/8/2023 to 5/28/2024
31.8
22.1
12.6
9.2
8.3
5.5
3.8
3.2
3.5
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 94
XBRL?   [ original filing ]
Total numbers found: 688

= Typical NXT range from 3/8/2023 to 5/28/2024
29.7
13.8
11.6
10.4
12.5
8.6
2.0
7.7
3.6
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 56
XBRL?   [ original filing ]
Total numbers found: 441

= Typical NXT range from 3/8/2023 to 5/28/2024
32.5
19.1
11.2
10.2
8.9
5.5
4.2
3.5
5.0
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 97
XBRL?   [ original filing ]
Total numbers found: 403

= Typical NXT range from 3/8/2023 to 5/28/2024
 

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