Nexstar Broadcasting Group Inc (NXST)

Days of Inventory on Hand (DOH) is a liquidity ratio that measures how quickly a company is able to sell its inventory. A lower DOH indicates that the company is selling its inventory at a faster rate, while a higher DOH suggests that inventory turnover is slower.

Unfortunately, the specific values for Nexstar Media Group Inc's DOH for the years 2019 to 2023 are not provided in the table. Without this data, it is challenging to provide a detailed analysis of the changes in Nexstar's inventory management efficiency over time.

To conduct a thorough analysis, we would need to calculate the DOH using the formula:
DOH = (Average Inventory / Cost of Goods Sold) x Number of Days in the Period

By comparing the calculated DOH values for each year, we would be able to evaluate trends in Nexstar's inventory turnover efficiency. A declining trend in DOH would indicate improved inventory management, whereas an increasing trend may suggest inefficiencies in inventory turnover and potential excess inventory levels.

In conclusion, without the specific DOH values for Nexstar Media Group Inc, it is not possible to provide a detailed analysis of the company's inventory management performance.

Peer comparison

Dec 31, 2023