Nexstar Broadcasting Group Inc (NXST)
Activity ratios
Short-term
Turnover ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Inventory turnover | — | — | 128.51 | — | — |
| Receivables turnover | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
| Working capital turnover | 10.52 | 9.77 | 7.22 | 7.43 | 9.40 |
Based on the activity ratios provided for Nexstar Broadcasting Group Inc, here is a detailed analysis:
1. Inventory Turnover:
- The inventory turnover ratio for the company was 128.51 as of December 31, 2022. This indicates that Nexstar Broadcasting Group Inc sold and replaced its inventory approximately 128.51 times during the year. A high inventory turnover ratio can imply efficient inventory management and effective sales strategies.
2. Receivables Turnover:
- The receivables turnover ratio data is unavailable for all the years provided. This ratio typically measures how efficiently a company collects its outstanding receivables from customers. Without this data, it is challenging to assess the effectiveness of Nexstar Broadcasting Group Inc in managing its accounts receivables.
3. Payables Turnover:
- The payables turnover ratio data is not available for any of the years provided. This ratio would have indicated how quickly the company pays its suppliers. Without this information, it is difficult to evaluate the company's payment practices.
4. Working Capital Turnover:
- The working capital turnover ratios for Nexstar Broadcasting Group Inc were 9.40 (2020), 7.43 (2021), 7.22 (2022), 9.77 (2023), and 10.52 (2024). This ratio measures how effectively the company generates revenue from its working capital. A higher ratio indicates efficient utilization of working capital to generate sales.
In conclusion, based on the available data:
- Nexstar Broadcasting Group Inc has shown varying levels of efficiency in managing its inventory and working capital over the years, as evidenced by the inventory turnover and working capital turnover ratios.
- However, the lack of data for receivables and payables turnover ratios limits a comprehensive assessment of the company's overall efficiency in managing its receivables and payables.
Average number of days
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | — | — | 2.84 | — | — |
| Days of sales outstanding (DSO) | days | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — |
Based on the provided data for Nexstar Broadcasting Group Inc's activity ratios:
1. Days of Inventory on Hand (DOH):
- The company's inventory turnover ratio for December 31, 2022, was 2.84 days. This indicates that the company is able to sell and replace its inventory very quickly, which may suggest efficient inventory management. However, without data for other years, it is challenging to assess the trend of inventory turnover.
2. Days of Sales Outstanding (DSO):
- Data is missing for all years regarding the Days of Sales Outstanding (DSO), making it difficult to gauge the efficiency of the company in collecting accounts receivable. DSO helps in understanding how long it takes for the company to collect outstanding payments from customers.
3. Number of Days of Payables:
- The Number of Days of Payables data is also missing for all years, making it challenging to analyze the company's efficiency in paying its suppliers and managing its accounts payable effectively. A lower number of days of payables could indicate that the company is paying its suppliers promptly, but this ratio requires additional data for a comprehensive analysis.
In conclusion, with limited data available for the activity ratios of Nexstar Broadcasting Group Inc, it is challenging to provide a comprehensive analysis of the company's efficiency in managing its inventory, collecting receivables, and paying its suppliers. Additional information for multiple years would be beneficial to assess the trends and effectiveness of the company's working capital management.
Long-term
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Fixed asset turnover | — | — | 3.36 | 2.58 | 2.80 |
| Total asset turnover | 0.47 | 0.41 | 0.41 | 0.35 | 0.34 |
The fixed asset turnover ratio for Nexstar Broadcasting Group Inc has shown a slight decline from 2.80 in December 31, 2020, to 2.58 in December 31, 2021. However, there was a significant improvement in this ratio to 3.36 by December 31, 2022. Unfortunately, the data for December 31, 2023, and December 31, 2024, are not available.
On the other hand, the total asset turnover ratio has been steadily increasing over the years. It was 0.34 on December 31, 2020, and it improved to 0.35 by December 31, 2021. This ratio continued to rise to 0.41 by December 31, 2022, and remained stable at the same level for both December 31, 2023, and December 31, 2024.
Overall, the fixed asset turnover ratio fluctuated over the period, indicating varying efficiency in generating sales from fixed assets. In contrast, the total asset turnover ratio displayed a more consistent upward trend, implying effective utilization of both fixed and current assets to generate revenue.