Nexstar Broadcasting Group Inc (NXST)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 5,407,000 | 4,933,000 | 5,211,000 | 4,648,370 | 4,501,270 |
| Property, plant and equipment | US$ in thousands | — | — | 1,550,200 | 1,800,810 | 1,609,400 |
| Fixed asset turnover | — | — | 3.36 | 2.58 | 2.80 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $5,407,000K ÷ $—K
= —
The fixed asset turnover ratio measures how efficiently a company is utilizing its fixed assets to generate sales. Looking at the trend for Nexstar Broadcasting Group Inc, we see that the fixed asset turnover ratio has fluctuated over the years:
- In December 2020, the fixed asset turnover was 2.80, indicating that for every dollar invested in fixed assets, the company generated $2.80 in sales.
- By December 2021, the fixed asset turnover decreased to 2.58, suggesting a slight decrease in efficiency in utilizing fixed assets to generate revenue.
- In December 2022, the fixed asset turnover ratio improved significantly to 3.36, signaling that the company was able to generate more sales relative to its investment in fixed assets.
- However, the data for December 2023 and December 2024 is unavailable (indicated by "—"), making it difficult to assess the trend in the following years.
Overall, the fluctuation in the fixed asset turnover ratio for Nexstar Broadcasting Group Inc indicates varying levels of efficiency in utilizing fixed assets to generate revenue over the years. It is important for the company to monitor and improve this ratio to ensure optimal utilization of its fixed assets for revenue generation.
Peer comparison
Dec 31, 2024