Nexstar Broadcasting Group Inc (NXST)

Cash conversion cycle

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Days of inventory on hand (DOH) days 2.84
Days of sales outstanding (DSO) days
Number of days of payables days
Cash conversion cycle days 0.00 0.00 2.84 0.00 0.00

December 31, 2024 calculation

Cash conversion cycle = DOH + DSO – Number of days of payables
= — + — – —
= 0.00

The cash conversion cycle of Nexstar Broadcasting Group Inc has shown variability over the years. In December 2020, there were zero days required to convert its investments in inventories and accounts receivable into cash, indicating a swift cycle. In December 2021 and 2023, the cash conversion cycle remained efficient at zero days.

However, in December 2022, the cash conversion cycle increased to 2.84 days, suggesting a slight delay in converting investments into cash. Subsequently, in December 2024, the cycle returned to zero days, indicating a quick turnaround in converting assets into cash.

Overall, Nexstar Broadcasting Group Inc has demonstrated a strong ability to efficiently manage its working capital and convert investments into cash promptly, with a temporary deviation in 2022 that was corrected in the following years. This efficient management of the cash conversion cycle is indicative of effective operational and financial management practices within the company.


Peer comparison

Dec 31, 2024

Company name
Symbol
Cash conversion cycle
Nexstar Broadcasting Group Inc
NXST
0.00
Fox Corp Class A
FOXA
155.84
Fox Corp Class B
FOX
155.84
Paramount Global Class B
PARA
26.83
Tegna Inc
TGNA
0.00