Nexstar Broadcasting Group Inc (NXST)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 722,000 | 346,000 | 971,000 | 834,000 | 811,500 |
| Total assets | US$ in thousands | 11,468,000 | 12,078,000 | 12,678,900 | 13,264,500 | 13,404,300 |
| ROA | 6.30% | 2.86% | 7.66% | 6.29% | 6.05% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $722,000K ÷ $11,468,000K
= 6.30%
Nexstar Broadcasting Group Inc's return on assets (ROA) has displayed fluctuations over the past five years. In 2020, the ROA stood at 6.05%, showing a slight increase to 6.29% by the end of 2021. Subsequently, there was a notable rise in ROA to 7.66% by December 31, 2022, indicating improved asset utilization efficiency.
However, the performance dipped in 2023 with the ROA declining to 2.86%, which may raise concerns regarding asset management during that period. Nonetheless, the company was able to recover in 2024 as the ROA rebounded to 6.30%, approaching the levels seen in the earlier years.
Overall, Nexstar Broadcasting Group Inc's ROA trend suggests some variability in effectively generating profits relative to its asset base, emphasizing the importance of closely monitoring and managing asset utilization to sustain and enhance financial performance.
Peer comparison
Dec 31, 2024