Nexstar Broadcasting Group Inc (NXST)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,486,000 | 4,871,500 | 4,371,480 | 4,117,920 | 2,816,780 |
| Receivables | US$ in thousands | 1,095,000 | 1,079,400 | 1,021,050 | 904,801 | 883,921 |
| Receivables turnover | 4.10 | 4.51 | 4.28 | 4.55 | 3.19 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $4,486,000K ÷ $1,095,000K
= 4.10
The receivables turnover ratio of Nexstar Media Group Inc has been relatively stable over the past five years, ranging from 3.44 to 4.97. The ratio indicates how efficiently the company is able to collect payments from its customers during a specific period. A higher receivables turnover ratio generally suggests that the company is collecting payments more quickly, which can be a positive sign of effective credit management and liquidity. However, a declining trend in the ratio over time could indicate potential issues with collections efficiency or the creditworthiness of customers. Overall, while Nexstar Media Group Inc's receivables turnover ratios have fluctuated slightly, they have generally remained within a reasonable range, indicating a consistent ability to manage accounts receivable effectively.
Peer comparison
Dec 31, 2023