Nexstar Broadcasting Group Inc (NXST)
Total asset 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 |
| Total assets | US$ in thousands | 12,078,000 | 12,679,000 | 13,264,500 | 13,404,300 | 13,989,700 |
| Total asset turnover | 0.37 | 0.38 | 0.33 | 0.31 | 0.20 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $4,486,000K ÷ $12,078,000K
= 0.37
The total asset turnover ratio for Nexstar Media Group Inc has shown a general improvement over the past five years, indicating an increasing efficiency in generating revenues relative to its total assets. In 2019, the ratio stood at 0.22 and has since experienced a steady upward trend, reaching 0.41 in 2023. This suggests that for each dollar of assets held by the company, it generated $0.41 in revenues in the most recent year, a significant increase from the $0.22 generated in 2019. The consistent improvement in this ratio indicates that Nexstar Media Group Inc has been effectively utilizing its assets to drive revenue growth and enhance its overall financial performance.
Peer comparison
Dec 31, 2023