Nexstar Broadcasting Group Inc (NXST)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 2,221,000 | 2,125,000 | 2,004,800 | 1,849,500 | 1,708,120 |
| Inventory | US$ in thousands | — | -88,000 | 15,600 | 0 | 0 |
| Inventory turnover | — | — | 128.51 | — | — |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $2,221,000K ÷ $—K
= —
Over the analyzed period, Nexstar Broadcasting Group Inc's inventory turnover exhibited notable fluctuations. As of December 31, 2020, and 2021, the specific data for inventory turnover was missing ("—"). However, by December 31, 2022, the inventory turnover ratio escalated significantly to 128.51. This surge suggests that Nexstar effectively managed its inventory levels, converting inventory into sales at a rapid pace, possibly reflecting improved operational efficiency or robust demand for its products.
Subsequently, by December 31, 2023, and 2024, the inventory turnover metric was once again not available ("—"), making it challenging to ascertain the company's inventory management performance for those years. Overall, while the specific details for two years are unknown, the spike in inventory turnover in 2022 signals a positive trend in managing inventory efficiently and aligning it with sales demand. Further analysis over more years would provide a comprehensive view of the company's inventory management practices.
Peer comparison
Dec 31, 2024