Nexstar Broadcasting Group Inc (NXST)
Inventory turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 3,849,000 | 3,666,700 | 3,364,670 | 2,912,290 | 2,342,250 |
| Inventory | US$ in thousands | — | 15,600 | 0 | 0 | 168,605 |
| Inventory turnover | — | 235.04 | — | — | 13.89 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $3,849,000K ÷ $—K
= —
To calculate Nexstar Media Group Inc's inventory turnover for the years 2019 to 2023, the formula Inventory Turnover = Cost of Goods Sold / Average Inventory is typically utilized. However, as the data for Cost of Goods Sold and Inventory is not provided in the table, the inventory turnover for these years cannot be directly determined. In general, a higher inventory turnover indicates that a company is selling its inventory more quickly, which can be a positive sign of operational efficiency. Conversely, a lower inventory turnover may suggest overstocking or difficulties in selling products, which can tie up capital and impact profitability. Therefore, without the specific values, a detailed analysis of Nexstar Media Group Inc's inventory turnover trends and efficiency over the years cannot be ascertained.
Peer comparison
Dec 31, 2023