Nexstar Broadcasting Group Inc (NXST)
Working capital 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 current assets | US$ in thousands | 1,297,000 | 1,421,000 | 1,472,000 | 1,494,000 | 1,466,000 | 1,340,000 | 1,573,000 | 1,698,000 | 1,614,500 | 1,666,300 | 1,455,000 | 1,482,000 | 1,412,720 | 1,311,550 | 1,393,090 | 1,376,120 | 1,209,980 | 1,341,210 | 1,542,780 | 1,514,290 |
| Total current liabilities | US$ in thousands | 783,000 | 846,000 | 828,000 | 831,000 | 961,000 | 852,000 | 836,000 | 864,000 | 893,200 | 915,100 | 745,600 | 733,500 | 787,294 | 711,018 | 638,968 | 729,662 | 730,888 | 671,742 | 822,329 | 915,998 |
| Working capital turnover | 10.52 | 9.08 | 7.75 | 7.48 | 9.77 | 10.48 | 7.13 | 6.30 | 7.22 | 6.62 | 6.85 | 6.34 | 7.43 | 7.96 | 6.29 | 7.00 | 9.40 | 6.31 | 5.23 | 5.86 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $5,406,000K ÷ ($1,297,000K – $783,000K)
= 10.52
The working capital turnover ratio of Nexstar Broadcasting Group Inc shows a fluctuating trend over the evaluated period from March 31, 2020, to December 31, 2024. The ratio indicates the efficiency of the company in generating revenue based on its working capital levels.
From March 31, 2020, to December 31, 2023, the working capital turnover ratio remained relatively stable, ranging between 5.23 and 10.48. Notably, there was a significant increase from September 30, 2023, to December 31, 2023, suggesting a more efficient allocation and utilization of working capital during this period.
However, from March 31, 2024, to December 31, 2024, the working capital turnover ratio continued to exhibit fluctuations, with values ranging from 7.48 to 10.52. Despite the variability, the ratios remained relatively high, indicating that Nexstar Broadcasting Group Inc was generating revenue efficiently relative to its working capital levels.
Overall, the analysis of the working capital turnover ratio suggests that Nexstar Broadcasting Group Inc has been effectively managing its working capital to generate revenue, although fluctuations in the ratio highlight potential changes in the company's working capital management strategies over the evaluation period.
Peer comparison
Dec 31, 2024