Nexstar Broadcasting Group Inc (NXST)
Total asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 5,406,000 | 5,223,000 | 4,989,000 | 4,960,000 | 4,933,000 | 5,115,700 | 5,252,800 | 5,257,900 | 5,211,000 | 4,970,140 | 4,858,050 | 4,744,540 | 4,648,370 | 4,779,140 | 4,740,330 | 4,523,373 | 4,501,263 | 4,224,743 | 3,770,118 | 3,504,497 |
| Total assets | US$ in thousands | 11,468,000 | 11,693,000 | 11,819,000 | 11,945,000 | 12,263,000 | 12,047,000 | 12,310,000 | 12,464,000 | 12,678,900 | 13,098,300 | 12,915,500 | 13,090,800 | 13,264,500 | 13,283,000 | 13,287,600 | 13,347,500 | 13,404,300 | 13,290,500 | 13,540,100 | 13,575,400 |
| Total asset turnover | 0.47 | 0.45 | 0.42 | 0.42 | 0.40 | 0.42 | 0.43 | 0.42 | 0.41 | 0.38 | 0.38 | 0.36 | 0.35 | 0.36 | 0.36 | 0.34 | 0.34 | 0.32 | 0.28 | 0.26 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $5,406,000K ÷ $11,468,000K
= 0.47
Total asset turnover is a financial ratio that measures a company's efficiency in generating sales revenue in relation to its total assets. For Nexstar Broadcasting Group Inc, the total asset turnover has shown a positive trend from March 31, 2020, to December 31, 2024, increasing from 0.26 to 0.47. This indicates that the company has been more effective in utilizing its assets to generate revenue over the years.
The gradual improvement in the total asset turnover ratio suggests that Nexstar Broadcasting Group Inc has been able to increase its sales relative to the size of its asset base. This could be a sign of enhanced operational efficiency, better asset management, or strategic investments that have yielded positive results.
A total asset turnover ratio of 0.47 as of December 31, 2024, implies that for every dollar of assets held by the company, it has generated $0.47 in sales. This indicates that Nexstar Broadcasting Group Inc is utilizing its assets more effectively to drive revenue growth.
Overall, the increasing trend in total asset turnover for Nexstar Broadcasting Group Inc reflects positively on the company's ability to efficiently use its assets to generate sales and indicates potential financial strength and profitability.
Peer comparison
Dec 31, 2024