Nexstar Broadcasting Group Inc (NXST)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 5,407,000 | 4,933,000 | 5,211,000 | 4,648,370 | 4,501,270 |
| Total assets | US$ in thousands | 11,468,000 | 12,078,000 | 12,678,900 | 13,264,500 | 13,404,300 |
| Total asset turnover | 0.47 | 0.41 | 0.41 | 0.35 | 0.34 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $5,407,000K ÷ $11,468,000K
= 0.47
The total asset turnover ratio for Nexstar Broadcasting Group Inc has shown a steady increase over the years, from 0.34 in December 31, 2020, to 0.47 in December 31, 2024. This indicates that the company is generating more revenue relative to its total assets. An increasing total asset turnover ratio suggests that Nexstar Broadcasting Group Inc is utilizing its assets more efficiently to generate sales. It is essential for investors and analysts to monitor this trend as it reflects the company's ability to generate revenue from its investments in assets.
Peer comparison
Dec 31, 2024
Company name
Symbol
Total asset turnover
Nexstar Broadcasting Group Inc
NXST
0.47
Fox Corp Class A
FOXA
0.64
Fox Corp Class B
FOX
0.64
Paramount Global Class B
PARA
0.63
Tegna Inc
TGNA
0.42