Nexstar Broadcasting Group Inc (NXST)
Operating return on assets (Operating ROA)
Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
---|---|---|---|---|---|---|
Operating income | US$ in thousands | 1,268,000 | 708,000 | 1,312,100 | 1,175,390 | 1,375,400 |
Total assets | US$ in thousands | 11,468,000 | 12,078,000 | 12,678,900 | 13,264,500 | 13,404,300 |
Operating ROA | 11.06% | 5.86% | 10.35% | 8.86% | 10.26% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $1,268,000K ÷ $11,468,000K
= 11.06%
Nexstar Broadcasting Group Inc's operating return on assets (operating ROA) has shown fluctuating performance over the past five years. As of December 31, 2020, the operating ROA stood at 10.26%, indicating that the company generated a return of 10.26% on its assets through operations.
However, over the subsequent years, there was a slight decline in the operating ROA. By December 31, 2021, the operating ROA decreased to 8.86%, suggesting a decrease in the company's ability to generate returns from its assets through operations.
The following year, by December 31, 2022, Nexstar Broadcasting Group Inc managed to improve its operating ROA to 10.35%, indicating a positive performance in utilizing its assets to generate operating returns.
However, a notable decline was observed by December 31, 2023, with the operating ROA dropping to 5.86%, portraying a significant decrease in the company's ability to generate returns from its assets through operations.
Nevertheless, there was a notable recovery by December 31, 2024, where the operating ROA increased to 11.06%, showcasing a strong rebound in the company's operational efficiency in utilizing its assets to generate returns.
In conclusion, Nexstar Broadcasting Group Inc's operating ROA has exhibited variability over the years, with both improvements and setbacks in effectively generating returns from its assets through operations. It is essential for the company to focus on sustaining or enhancing its operational efficiency to consistently deliver favorable returns to its stakeholders.
Peer comparison
Dec 31, 2024