Nexstar Broadcasting Group Inc (NXST)
Fixed asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 5,406,000 | 5,223,000 | 4,989,000 | 4,960,000 | 4,933,000 | 5,115,700 | 5,252,800 | 5,257,900 | 5,211,000 | 4,970,140 | 4,858,050 | 4,744,540 | 4,648,370 | 4,779,140 | 4,740,330 | 4,523,373 | 4,501,263 | 4,224,743 | 3,770,118 | 3,504,497 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | — | 1,545,000 | 1,256,000 | 1,550,200 | 1,491,000 | 1,492,500 | 1,547,400 | 1,800,810 | 1,585,700 | 1,888,060 | 1,600,910 | 1,609,400 | 1,602,600 | 1,585,870 | 1,551,400 |
| Fixed asset turnover | — | — | — | — | — | — | 3.40 | 4.19 | 3.36 | 3.33 | 3.25 | 3.07 | 2.58 | 3.01 | 2.51 | 2.83 | 2.80 | 2.64 | 2.38 | 2.26 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $5,406,000K ÷ $—K
= —
The fixed asset turnover ratio for Nexstar Broadcasting Group Inc has shown an increasing trend over the past few quarters, indicating that the company is generating more revenue for each dollar invested in fixed assets.
From March 31, 2020, to March 31, 2024, the fixed asset turnover ratio has increased from 2.26 to 4.19, showing a significant improvement in efficiency in utilizing fixed assets to generate sales.
There was a slight dip in the ratio in the second quarter of 2021, but it quickly recovered and continued to rise steadily, reaching 3.36 by December 31, 2022.
The ratio reached its peak at 4.19 on March 31, 2023, suggesting that Nexstar Broadcasting Group Inc was able to generate $4.19 in revenue for every dollar invested in fixed assets.
However, it is important to note that the data is unavailable for the last few quarters of 2023 and all quarters of 2024, which limits the ability to provide a complete analysis of the fixed asset turnover ratio trend for those periods.
Peer comparison
Dec 31, 2024