Nexstar Broadcasting Group Inc (NXST)
Return on assets (ROA)
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 346,000 | 435,100 | 699,100 | 830,100 | 971,100 | 1,031,900 | 912,500 | 885,600 | 834,500 | 934,847 | 955,931 | 855,426 | 811,441 | 560,406 | 363,875 | 332,282 | 230,259 | 270,156 | 376,517 | 396,247 |
| Total assets | US$ in thousands | 12,078,000 | 12,047,000 | 12,310,000 | 12,464,000 | 12,679,000 | 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 | 13,989,700 | 14,103,400 | 7,031,540 | 13,989,700 |
| ROA | 2.86% | 3.61% | 5.68% | 6.66% | 7.66% | 7.88% | 7.07% | 6.77% | 6.29% | 7.04% | 7.19% | 6.41% | 6.05% | 4.22% | 2.69% | 2.45% | 1.65% | 1.92% | 5.35% | 2.83% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $346,000K ÷ $12,078,000K
= 2.86%
Based on the data provided from Q1 2022 to Q4 2023, Nexstar Media Group Inc's return on assets (ROA) has exhibited some fluctuations. The trend shows a general decline in ROA over this period, with the ratios decreasing from 7.66% in Q4 2022 to 2.86% in Q4 2023.
The highest ROA was observed in Q2 2023 at 5.68%, followed by Q1 2023 at 6.66%. These figures indicate that the company was more efficient in generating profits relative to its total assets during these quarters.
However, the decreasing trend in ROA from Q1 2023 to Q4 2023 suggests a potential decline in the company's profitability relative to its asset base. It would be prudent for stakeholders to analyze the factors contributing to this decline to assess the company's overall financial performance and sustainability.
Peer comparison
Dec 31, 2023