Nexstar Broadcasting Group Inc (NXST)
Inventory 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 2,060,000 | 2,811,000 | 2,785,000 | 2,562,000 | 2,362,000 | 2,114,100 | 2,088,200 | 2,052,800 | 2,004,800 | 1,968,012 | 1,933,690 | 1,891,720 | 1,849,502 | 1,815,862 | 1,760,013 | 1,714,125 | 1,708,124 | 1,708,063 | 1,605,177 | 1,487,479 |
| Inventory | US$ in thousands | — | — | -159,000 | — | — | 14,000 | 14,000 | 14,000 | 15,600 | 178,000 | 0 | 0 | 0 | — | 0 | 0 | 0 | — | — | 124,314 |
| Inventory turnover | — | — | — | — | — | 151.01 | 149.16 | 146.63 | 128.51 | 11.06 | — | — | — | — | — | — | — | — | — | 11.97 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $2,060,000K ÷ $—K
= —
Nexstar Broadcasting Group Inc's inventory turnover ratio provides insight into the efficiency of the company in managing its inventory. The inventory turnover ratio for the company was 11.97 on March 31, 2020. This indicates that the company turned over its inventory approximately 11.97 times during that period.
Subsequently, there is missing data for the inventory turnover ratio until September 30, 2022, where the ratio was 11.06. This suggests a slight decrease in inventory turnover efficiency compared to the ratio in March 2020.
However, a significant increase in inventory turnover is observed in the following periods as the ratio surged to 128.51 on December 31, 2022, and further improved to 146.63 on March 31, 2023. This substantial increase indicates that Nexstar Broadcasting Group Inc significantly improved its efficiency in managing inventory levels.
The trend of increasing inventory turnover continued as the ratio reached 149.16 on June 30, 2023, and further improved to 151.01 on September 30, 2023. These values suggest that the company was able to sell off, or turn over, its inventory at a much faster rate during these periods.
The data for inventory turnover ratio is missing post-September 30, 2023, up to December 31, 2024, indicating that the information for those periods is not available. Therefore, a comprehensive analysis beyond September 30, 2023, and insights into the company's inventory turnover efficiency are not possible based on the provided data.
Peer comparison
Dec 31, 2024
Dec 31, 2024