Nexstar Broadcasting Group Inc (NXST)

Number of days of payables

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Payables turnover		16.38	18.52	13.56	13.33	14.88
Number of days of payables	days	22.29	19.71	26.92	27.37	24.52

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 16.38
= 22.29

The number of days of payables for Nexstar Media Group Inc has shown variability over the past five years. In 2023, the company had an average payment period of around 39.84 days, which was higher compared to the previous year's 35.99 days. This indicates that the company took slightly longer to pay its suppliers in 2023.

In 2021, there was a significant increase in the number of days of payables to 48.64 days, which suggests a longer payment period compared to both 2022 and 2023. The increase in days of payables may indicate a change in the company's payment policies or a shift in its relationships with suppliers during that year.

In 2020, the number of days of payables was 46.34 days, showing a slight decrease compared to 2021. This decrease could imply that the company made efforts to shorten its payment period or manage its payables more efficiently.

Unfortunately, data for 2019 is not available for comparison. Overall, the trend in the number of days of payables for Nexstar Media Group Inc shows some fluctuation, with possible implications for cash flow management and supplier relationships.