Nexstar Broadcasting Group Inc (NXST)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 4,487,000 | 4,679,000 | 4,840,500 | 4,881,200 | 4,872,100 | 4,663,260 | 4,568,540 | 4,460,260 | 4,362,690 | 4,567,140 | 4,484,930 | 4,255,842 | 4,203,036 | 3,926,516 | 3,589,930 | 3,353,221 | 2,935,222 | 2,633,154 | 2,599,789 | 2,607,727 |
| Receivables | US$ in thousands | 1,095,000 | 891,000 | 944,000 | 1,008,000 | 1,079,400 | 986,900 | 951,200 | 1,016,700 | 1,021,050 | 923,005 | 895,451 | 920,055 | 904,801 | 782,198 | 762,930 | 888,738 | 883,921 | 860,794 | 542,610 | 540,525 |
| Receivables turnover | 4.10 | 5.25 | 5.13 | 4.84 | 4.51 | 4.73 | 4.80 | 4.39 | 4.27 | 4.95 | 5.01 | 4.63 | 4.65 | 5.02 | 4.71 | 3.77 | 3.32 | 3.06 | 4.79 | 4.82 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $4,487,000K ÷ $1,095,000K
= 4.10
The receivables turnover ratio for Nexstar Media Group Inc fluctuated over the past eight quarters. It ranged from a low of 4.51 in Q4 2023 to a high of 5.74 in Q3 2023. Generally, a higher receivables turnover ratio indicates that the company is collecting its accounts receivable more quickly.
The company's performance in collecting receivables improved in Q3 2023 compared to the previous quarters, with a peak turnover of 5.74, suggesting an efficient management of receivables during that period. However, the ratio decreased slightly in subsequent quarters but remained relatively consistent above 5.0, indicating that Nexstar Media Group Inc generally collects its receivables frequently throughout the year.
Overall, the company is effectively managing its accounts receivable collection process, with the ratio consistently above 4.0 and showing periodic improvements. This trend signifies a relatively healthy cash conversion cycle for Nexstar Media Group Inc.
Peer comparison
Dec 31, 2023