Nexstar Broadcasting Group Inc (NXST)

Number of days of payables

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Payables turnover		16.83	28.10	30.88	18.67	18.52	21.88	20.83	15.64	13.56	16.82	21.64	13.52	13.33	18.10	15.91	18.74	14.88	18.84	27.10	26.04
Number of days of payables	days	21.68	12.99	11.82	19.55	19.71	16.68	17.53	23.33	26.92	21.70	16.87	27.00	27.37	20.17	22.93	19.47	24.52	19.37	13.47	14.02

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 16.83
= 21.68

Nexstar Media Group Inc's number of days of payables has shown fluctuations over the past eight quarters. In Q4 2023, the company took around 39.84 days to pay its payables, marking an increase from the previous quarter's 24.52 days. This increase reversed the declining trend witnessed in the two prior quarters, where the number of days of payables decreased steadily from Q2 2023's 22.20 days to Q3 2023's 24.52 days.

Comparing the latest quarter to the same period last year, Q4 2023's number of days of payables (39.84 days) was higher than Q4 2022 (35.99 days). This indicates that the company is taking slightly longer to settle its payables compared to the same quarter in the previous year.

Despite the quarterly fluctuations, Nexstar Media Group Inc's number of days of payables has generally remained within a relatively stable range. It is essential to monitor this metric over time to assess the company's efficiency in managing its payables and its relationships with suppliers.