Nexstar Broadcasting Group Inc (NXST)
Payables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 3,956,000 | 3,990,300 | 3,921,200 | 3,865,300 | 3,666,800 | 3,634,030 | 3,559,110 | 3,452,657 | 3,364,673 | 3,139,110 | 3,044,030 | 2,944,777 | 2,912,287 | 2,914,977 | 2,807,247 | 2,604,312 | 2,342,247 | 2,056,247 | 1,907,894 | 1,881,958 |
| Payables | US$ in thousands | 235,000 | 142,000 | 127,000 | 207,000 | 198,000 | 166,100 | 170,900 | 220,700 | 248,200 | 186,633 | 140,684 | 217,865 | 218,418 | 161,083 | 176,392 | 138,952 | 157,366 | 109,128 | 70,392 | 72,285 |
| 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 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $3,956,000K ÷ $235,000K
= 16.83
Nexstar Media Group Inc's payables turnover has shown fluctuations over the past eight quarters, ranging from a low of 8.62 in Q1 2022 to a high of 16.44 in Q2 2023. The payables turnover ratio measures how efficiently the company is managing its accounts payable by comparing it to the cost of goods sold. A higher ratio indicates that the company is paying its suppliers more quickly, which can be a sign of good financial health.
In the most recent quarter, Q4 2023, the payables turnover was 9.16, which is lower than the previous quarter. This suggests that Nexstar Media Group Inc took longer to pay its suppliers in Q4 2023 compared to Q3 2023. It's important to monitor this ratio over time to assess the company's liquidity and ability to manage its working capital effectively.
Peer comparison
Dec 31, 2023