Nexstar Broadcasting Group Inc (NXST)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | — | — | — | — | — | 151.01 | 149.16 | 146.63 | 128.51 | 11.06 | — | — | — | — | — | — | — | — | — | 11.97 | |
| DOH | days | — | — | — | — | — | 2.42 | 2.45 | 2.49 | 2.84 | 33.01 | — | — | — | — | — | — | — | — | — | 30.50 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —
The days of inventory on hand (DOH) for Nexstar Broadcasting Group Inc provides insight into how efficiently the company manages its inventory.
From March 31, 2020, to March 31, 2022, the data shows that the DOH was consistently not reported (denoted as "— days"), indicating a lack of specific information for this metric during this period.
However, from September 30, 2022, to September 30, 2023, there was a significant improvement in inventory management, as the DOH decreased from 33.01 days to 2.42 days. This suggests that Nexstar Broadcasting Group Inc was able to turn over its inventory more quickly during this time, potentially leading to lower holding and storage costs.
Furthermore, the DOH continued to remain low and stable at around 2-3 days for the periods ending December 31, 2022, March 31, 2023, and June 30, 2023. This consistent low DOH indicates efficient inventory management practices and a potential ability to respond swiftly to changes in demand.
However, from December 31, 2023, onwards, the DOH data is again not reported, limiting our ability to analyze the company's inventory management during those periods.
Overall, based on the available data, Nexstar Broadcasting Group Inc demonstrated a positive trend in inventory management efficiency by significantly reducing its DOH from September 2022 to September 2023, maintaining a low DOH in subsequent periods.
Peer comparison
Dec 31, 2024