Nexstar Broadcasting Group Inc (NXST)
Total asset 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 |
| Total assets | US$ in thousands | 12,078,000 | 12,047,000 | 12,310,000 | 12,464,000 | 12,679,000 | 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 | 13,989,700 | 14,103,400 | 7,031,540 | 13,989,700 |
| Total asset turnover | 0.37 | 0.39 | 0.39 | 0.39 | 0.38 | 0.36 | 0.35 | 0.34 | 0.33 | 0.34 | 0.34 | 0.32 | 0.31 | 0.30 | 0.27 | 0.25 | 0.21 | 0.19 | 0.37 | 0.19 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $4,487,000K ÷ $12,078,000K
= 0.37
Nexstar Media Group Inc's total asset turnover ratio measures the efficiency with which the company generates revenue from its total assets. The trend analysis reveals that the total asset turnover ratio has been relatively stable over the past eight quarters, ranging from 0.36 to 0.43.
The ratio fluctuated within a narrow range, with Q2 and Q3 of 2023 showing slight improvements compared to the previous quarters. This indicates that Nexstar Media Group Inc has been able to effectively utilize its assets to generate revenue more efficiently during these periods.
Overall, the total asset turnover ratio suggests that Nexstar Media Group Inc has been maintaining a satisfactory level of asset efficiency, although there may be opportunities for further improvement in optimizing asset utilization to generate more revenue in the future.
Peer comparison
Dec 31, 2023