Nexstar Broadcasting Group Inc (NXST)
Cash conversion cycle
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | — | — | — | — | — | 2.42 | 2.45 | 2.49 | 2.84 | 33.01 | — | — | — | — | — | — | — | — | — | 30.50 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Cash conversion cycle | days | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2.42 | 2.45 | 2.49 | 2.84 | 33.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 30.50 |
December 31, 2024 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= — + — – —
= 0.00
The cash conversion cycle, a measure of efficiency in managing working capital, reflects the time it takes for a company to convert its investments in inventory and other resources into cash flows from sales.
For Nexstar Broadcasting Group Inc, the cash conversion cycle exhibited fluctuations during the analyzed period. It started at 30.50 days on March 31, 2020, indicating the company took approximately a month to convert its investments into cash. Subsequently, there was a significant improvement as the cycle dropped to 0.00 days by June 30, 2020, and remained at this low level until December 31, 2023. This suggests the company was efficiently managing its working capital during this period.
However, from September 30, 2024, the cash conversion cycle increased slightly to 2.84 days by December 31, 2024. Although still relatively low, this uptick might indicate a slowdown in the company's ability to convert its resources into cash and could warrant monitoring for potential impacts on liquidity and operational efficiency.
Overall, Nexstar Broadcasting Group Inc's cash conversion cycle demonstrated efficiency in working capital management for the most part of the period, with recent slight increases possibly signaling the need for continued attention to maintain optimal liquidity levels.
Peer comparison
Dec 31, 2024