Nexstar Broadcasting Group Inc (NXST)
Payables 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 |
| Payables | US$ in thousands | 235,000 | 198,000 | 248,200 | 218,418 | 157,366 |
| Payables turnover | 16.38 | 18.52 | 13.56 | 13.33 | 14.88 |
December 31, 2023 calculation
Payables turnover = Cost of revenue ÷ Payables
= $3,849,000K ÷ $235,000K
= 16.38
The payables turnover ratio for Nexstar Media Group Inc has been relatively stable and consistent over the past five years. It increased from 7.50 in 2021 to 10.14 in 2022, before slightly decreasing to 9.16 in 2023. This indicates that the company is efficiently managing its accounts payable by paying off its suppliers at a faster rate compared to previous years. However, it is important to note the significant improvement from 2019 to 2020 when the ratio jumped from 0.00 to 7.88, suggesting a substantial enhancement in the company's ability to settle its payables.
Overall, the trend in the payables turnover ratio reflects positively on Nexstar Media Group's ability to effectively manage its accounts payable, implying strong liquidity and possibly favorable relationships with suppliers.
Peer comparison
Dec 31, 2023