Nexstar Broadcasting Group Inc (NXST)

Short-term

Turnover ratios

Nexstar Broadcasting Group Inc's activity ratios provide insights into how effectively the company manages its assets and operations.

1. Inventory Turnover:
- The inventory turnover ratio for Nexstar Broadcasting Group Inc has shown fluctuations over the years. As of December 31, 2022, the ratio was remarkably high at 128.51, indicating the company efficiently sold and replaced its inventory items during the year. However, the ratio dropped to 11.06 by September 30, 2022, suggesting a slower turnover of inventory.

2. Receivables Turnover:
- There is no data available for the receivables turnover ratio for Nexstar Broadcasting Group Inc, implying the need for further information to assess the efficiency of the company in collecting its receivables.

3. Payables Turnover:
- Similar to receivables, there is no data provided for the payables turnover ratio, making it challenging to evaluate how quickly the company pays its suppliers.

4. Working Capital Turnover:
- The working capital turnover ratio demonstrates how efficiently Nexstar Broadcasting Group Inc generates revenue from its working capital. The ratio has fluctuated over the years, ranging from 5.23 to 10.52. A higher ratio indicates the company is effectively utilizing its working capital to generate sales.

Overall, while inventory turnover shows some variability and the lack of data for receivables and payables turnover limits a complete assessment, the working capital turnover ratio suggests that Nexstar Broadcasting Group Inc has been reasonably successful in leveraging its working capital to drive revenue.

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Average number of days

Based on the provided data, Nexstar Broadcasting Group Inc's activity ratios can be analyzed as follows:

1. Days of Inventory on Hand (DOH):
- As of March 31, 2020, the company had 30.50 days of inventory on hand, indicating that, on average, it took approximately 30.50 days for Nexstar Broadcasting Group Inc to sell its inventory.
- There is no data available for the subsequent periods until September 30, 2022, where the DOH increased significantly to 33.01 days.
- However, there was a substantial decrease in inventory holding periods by the end of December 31, 2022, dropping to 2.84 days, which further decreased to 2.49 days as of March 31, 2023, showing an efficient inventory management system.
- The DOH remained relatively consistent at 2.45 days as of June 30, 2023, and further reduced slightly to 2.42 days by September 30, 2023.

2. Days of Sales Outstanding (DSO):
- Unfortunately, there is no data available for DSO for Nexstar Broadcasting Group Inc in the provided dataset. DSO is a crucial ratio that measures how quickly a company collects its accounts receivable. Without this information, it is challenging to assess the efficiency of the company's accounts receivable management.

3. Number of Days of Payables:
- Similarly, there is no data available for the number of days of payables for Nexstar Broadcasting Group Inc in the dataset provided. This ratio is vital as it shows the average number of days a company takes to pay its suppliers. Without this information, it is difficult to evaluate the company's payment terms and liquidity position.

In conclusion, based on the available information on the Days of Inventory on Hand, Nexstar Broadcasting Group Inc seems to have improved its inventory management efficiency by significantly reducing its inventory holding periods over the analyzed periods. However, without data on Days of Sales Outstanding and Number of Days of Payables, a comprehensive assessment of the company's overall activity ratios cannot be made.

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Long-term

Nexstar Broadcasting Group Inc's fixed asset turnover ratio has shown a consistent upward trend over the years, reaching its highest value of 4.19 as of March 31, 2023. This indicates that the company is generating more revenue per dollar of fixed assets invested, reflecting improved operational efficiency in utilizing its fixed assets for revenue generation.

In contrast, the total asset turnover ratio has also displayed a positive trend, albeit with smaller fluctuations. As of December 31, 2024, the total asset turnover ratio stood at 0.47, showing that the company is generating $0.47 in sales for every dollar of total assets held.

Overall, the improving trend in both fixed asset turnover and total asset turnover ratios suggests that Nexstar Broadcasting Group Inc has been successful in effectively utilizing its assets to generate revenue, indicating operational efficiency and potentially positive outlook for the company's financial performance.