Nexstar Broadcasting Group Inc (NXST)
Days of sales outstanding (DSO)
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | 4.10 | 5.25 | 5.13 | 4.84 | 4.51 | 4.73 | 4.80 | 4.39 | 4.27 | 4.95 | 5.01 | 4.63 | 4.65 | 5.02 | 4.71 | 3.77 | 3.32 | 3.06 | 4.79 | 4.82 | |
| DSO | days | 89.07 | 69.51 | 71.18 | 75.37 | 80.86 | 77.25 | 76.00 | 83.20 | 85.43 | 73.77 | 72.88 | 78.91 | 78.57 | 72.71 | 77.57 | 96.74 | 109.92 | 119.32 | 76.18 | 75.66 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 4.10
= 89.07
The Days Sales Outstanding (DSO) of Nexstar Media Group Inc has shown some fluctuations over the past eight quarters. In Q4 2023, the company had a DSO of 81.02 days, which increased compared to the previous quarter (Q3 2023) where it was 63.57 days. Despite the increase, the DSO in Q4 2023 was higher than in most of the previous quarters. This indicates that the company took longer to collect its accounts receivable in Q4 2023.
Looking back over the past eight quarters, the DSO has generally remained in the range of 65 to 75 days, with occasional deviations. This suggests that Nexstar Media Group Inc has been efficient in managing its accounts receivable turnover, with minor fluctuations in the time taken to collect sales revenue from customers.
Overall, the trend in DSO for Nexstar Media Group Inc shows some variability but remains relatively stable. It would be important for the company to monitor this ratio closely to ensure efficient management of its accounts receivable and optimize cash flow.
Peer comparison
Dec 31, 2023