Nexstar Broadcasting Group Inc (NXST)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | — | — | 128.51 | — | — | |
| DOH | days | — | — | 2.84 | — | — |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —
Based on the data provided, Nexstar Broadcasting Group Inc had 2.84 days of inventory on hand as of December 31, 2022. This indicates that the company held approximately three days' worth of inventory at that point in time.
Having a low days of inventory on hand usually signifies efficient inventory management, as the company is not holding excess inventory that could tie up working capital. This can lead to reduced storage costs and the risk of inventory obsolescence.
However, it's important to consider the industry norms and the company's specific business operations when assessing the significance of this ratio. Comparing this figure with industry benchmarks or historical data from the company can provide a more meaningful analysis.
Peer comparison
Dec 31, 2024