Nexstar Broadcasting Group Inc (NXST)
Return on assets (ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 721,000 | 594,000 | 432,000 | 410,000 | 323,000 | 412,300 | 676,300 | 807,300 | 971,300 | 1,031,993 | 912,593 | 885,693 | 834,593 | 934,847 | 955,931 | 855,426 | 811,441 | 560,406 | 363,875 | 332,282 |
| Total assets | US$ in thousands | 11,468,000 | 11,693,000 | 11,819,000 | 11,945,000 | 12,263,000 | 12,047,000 | 12,310,000 | 12,464,000 | 12,678,900 | 13,098,300 | 12,915,500 | 13,090,800 | 13,264,500 | 13,283,000 | 13,287,600 | 13,347,500 | 13,404,300 | 13,290,500 | 13,540,100 | 13,575,400 |
| ROA | 6.29% | 5.08% | 3.66% | 3.43% | 2.63% | 3.42% | 5.49% | 6.48% | 7.66% | 7.88% | 7.07% | 6.77% | 6.29% | 7.04% | 7.19% | 6.41% | 6.05% | 4.22% | 2.69% | 2.45% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $721,000K ÷ $11,468,000K
= 6.29%
Nexstar Broadcasting Group Inc's return on assets (ROA) has shown a fluctuating trend over the reported periods, starting at 2.45% as of March 31, 2020, and reaching its peak of 7.88% by September 30, 2022. Subsequently, the ROA decreased to 2.63% by December 31, 2023, before gradually increasing to 6.29% by December 31, 2024.
The ROA metric indicates the company's efficiency in generating profits from its assets. A higher ROA generally suggests better asset utilization and profitability. In Nexstar Broadcasting Group Inc's case, the ROA saw significant improvement from the initial periods up to September 2022, indicating enhanced asset management and profitability. However, there was a decline in ROA from September 2022 to December 2023, possibly due to changes in asset efficiency or profitability factors during that period.
Overall, the varying ROA figures for Nexstar Broadcasting Group Inc suggest fluctuations in the company's ability to generate profits relative to its asset base over the reporting periods, which may warrant further analysis to understand the underlying factors influencing these changes.
Peer comparison
Dec 31, 2024