What is NXXT's asset turnover?

NXXT (NXXT) reported asset turnover of 4.5× in Q1 2026.

How has NXXT's asset turnover changed year-over-year?

NXXT's asset turnover increased by 92.5% year-over-year, from 2.3× to 4.5×.

What is the long-term trend for NXXT's asset turnover?

Over 4 years (2021 to 2025), NXXT's asset turnover has grown at a 71.8% compound annual growth rate (CAGR), from 0.6× to 4.9×.

What does asset turnover mean?

Trailing-twelve-month revenue divided by average total assets. Measures how many dollars of sales each dollar of assets generates — the efficiency leg of the DuPont decomposition of ROE.

NXXT NXXT Asset turnover

Asset turnover at other companies

Tesla, Inc.TSLA

0.7×-0.1×

SunrunRUN

0.1×0.0×

ChargePointCHPT

0.5×+0.1×

NeoVoltaNEOV

1.2×+0.4×

Enphase EnergyENPH

0.5×0.0×

Microvast Holdings, Inc.MVST

0.4×0.0×

Other financials

Income statement

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Revenue$21.1M+29.4%

Gross profit$1.7M+230%

Operating income-$10.1M-75.4%

Net income-$10.7M-22.1%

EPS (diluted)-$0.07+95.6%

Balance sheet

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Cash & equivalents$208.0K-90.2%

Total debt$3.4M+4,849%

Total equity-$19.6M-252%

Total assets$12.3M-52.9%

Cash flow

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Operating cash flow-$2.1M+62.8%

CapEx$5.7M+26,892%

Free cash flow-$7.2M-490%

Valuation

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Market cap$55.34M-82.7%

Enterprise value$58.5M-81.6%

P/S0.6×-5.8×

Profitability

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Gross margin9.4%+4.4pp

Operating margin-86%-1,407pp

Net margin-101.1%+60.1pp

FCF margin-43%—

Returns & leverage

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Return on equity-1,208.8%-1,564pp

Debt / equity0.3×-56.1×

Current ratio0.2×0.0×

Where this comes from

Calculated from NXXT’s reported figures.

total revenue/total assets=4.5×

Based on trailing twelve months.

The official record: NXXT’s 10-Q, filed May 15, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is NXXT's asset turnover?: NXXT (NXXT) reported asset turnover of 4.5× in Q1 2026.
How has NXXT's asset turnover changed year-over-year?: NXXT's asset turnover increased by 92.5% year-over-year, from 2.3× to 4.5×.
What is the long-term trend for NXXT's asset turnover?: Over 4 years (2021 to 2025), NXXT's asset turnover has grown at a 71.8% compound annual growth rate (CAGR), from 0.6× to 4.9×.
What does asset turnover mean?: Trailing-twelve-month revenue divided by average total assets. Measures how many dollars of sales each dollar of assets generates — the efficiency leg of the DuPont decomposition of ROE.