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