Nexstar Cost Of Revenue vs Total Revenue Analysis
NXST Stock | USD 161.42 0.76 0.47% |
Nexstar Broadcasting financial indicator trend analysis is infinitely more than just investigating Nexstar Broadcasting recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nexstar Broadcasting is a good investment. Please check the relationship between Nexstar Broadcasting Cost Of Revenue and its Total Revenue accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nexstar Broadcasting Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.
Cost Of Revenue vs Total Revenue
Cost Of Revenue vs Total Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nexstar Broadcasting Cost Of Revenue account and Total Revenue. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Nexstar Broadcasting's Cost Of Revenue and Total Revenue is 0.95. Overlapping area represents the amount of variation of Cost Of Revenue that can explain the historical movement of Total Revenue in the same time period over historical financial statements of Nexstar Broadcasting Group, assuming nothing else is changed. The correlation between historical values of Nexstar Broadcasting's Cost Of Revenue and Total Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cost Of Revenue of Nexstar Broadcasting Group are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Cost Of Revenue i.e., Nexstar Broadcasting's Cost Of Revenue and Total Revenue go up and down completely randomly.
Correlation Coefficient | 0.95 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Cost Of Revenue
Cost of Revenue is found on Nexstar Broadcasting income statement and represents the costs associated with goods and services Nexstar Broadcasting provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.Total Revenue
Total revenue comprises all receipts Nexstar Broadcasting generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Most indicators from Nexstar Broadcasting's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nexstar Broadcasting current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nexstar Broadcasting Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. At this time, Nexstar Broadcasting's Selling General Administrative is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.29 in 2024, whereas Tax Provision is likely to drop slightly above 141.5 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 2.8B | 3.2B | 1.8B | 1.9B | Total Revenue | 4.6B | 5.2B | 4.9B | 5.2B |
Nexstar Broadcasting fundamental ratios Correlations
Click cells to compare fundamentals
Nexstar Broadcasting Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Nexstar Broadcasting fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 14.0B | 13.4B | 13.3B | 12.7B | 12.3B | 12.9B | |
Net Debt | 8.3B | 7.5B | 7.3B | 6.8B | 7.0B | 7.3B | |
Cash | 232.1M | 152.7M | 190.9M | 204.1M | 147M | 76.1M | |
Other Assets | 456.9M | 6.9B | 153.1M | 89.9M | 103.4M | 98.2M | |
Cash And Short Term Investments | 232.1M | 152.7M | 190.9M | 204.1M | 147M | 76.1M | |
Common Stock Shares Outstanding | 47.9M | 46.7M | 44.0M | 40.2M | 35.8M | 32.9M | |
Liabilities And Stockholders Equity | 14.0B | 13.4B | 13.3B | 12.7B | 12.3B | 12.9B | |
Total Liab | 11.9B | 10.9B | 10.4B | 9.9B | 10.0B | 10.4B | |
Total Current Assets | 1.4B | 1.2B | 1.4B | 1.6B | 1.5B | 1.5B | |
Other Current Liab | 138.2M | 78.3M | 56.3M | 521.6M | 555M | 582.8M | |
Total Current Liabilities | 947.6M | 730.9M | 787.3M | 893.2M | 961M | 1.0B | |
Total Stockholder Equity | 2.0B | 2.5B | 2.9B | 2.7B | 2.3B | 2.4B | |
Other Liab | 2.4B | 2.2B | 2.0B | 2.0B | 2.2B | 2.4B | |
Accounts Payable | 157.4M | 218.4M | 248.2M | 197.7M | 235M | 246.8M | |
Long Term Debt | 8.4B | 7.6B | 7.4B | 6.8B | 6.7B | 7.0B | |
Good Will | 3.0B | 3.0B | 3.1B | 3.0B | 2.9B | 3.1B | |
Other Current Assets | 67.2M | 152.5M | 200.8M | 315.4M | 224M | 235.2M | |
Other Stockholder Equity | 1.2B | 995.4M | 504.1M | (319.5M) | (890M) | (845.5M) | |
Intangible Assets | 6.2B | 5.8B | 5.6B | 5.3B | 5.1B | 5.3B | |
Property Plant Equipment | 1.5B | 1.6B | 1.8B | 1.6B | 1.8B | 1.9B | |
Short Long Term Debt Total | 8.5B | 7.7B | 7.5B | 7.0B | 7.1B | 7.5B | |
Property Plant And Equipment Net | 1.3B | 1.6B | 1.5B | 1.3B | 1.6B | 1.6B | |
Current Deferred Revenue | 175.9M | 542.7M | 412.7M | 392.8M | 451.7M | 474.3M | |
Retained Earnings | 778.8M | 1.5B | 2.2B | 3.0B | 3.2B | 3.3B | |
Non Current Assets Total | 12.6B | 12.2B | 11.9B | 11.1B | 10.8B | 11.3B | |
Non Currrent Assets Other | 692.2M | 422.7M | 285.0M | 178.3M | 96M | 122.2M | |
Net Receivables | 883.9M | 904.8M | 1.0B | 1.1B | 1.1B | 1.1B | |
Non Current Liabilities Total | 11.0B | 10.1B | 9.6B | 9.0B | 9.0B | 9.4B | |
Inventory | 22.7M | 168.6M | 1.0 | 15.6M | 17.9M | 21.1M | |
Property Plant And Equipment Gross | 1.3B | 1.6B | 2.3B | 2.1B | 2.2B | 2.3B | |
Accumulated Other Comprehensive Income | 19.9M | 34.5M | 141.7M | 26.9M | 1M | 1.1M | |
Short Term Debt | 109.3M | 21.4M | 90.0M | 173.9M | 171M | 179.6M | |
Net Tangible Assets | (7.9B) | (7.0B) | (6.1B) | (5.6B) | (5.0B) | (5.3B) | |
Retained Earnings Total Equity | 620.4M | 778.8M | 1.5B | 2.2B | 2.5B | 2.7B | |
Capital Surpluse | 1.4B | 1.4B | 1.4B | 1.3B | 1.5B | 959.2M | |
Non Current Liabilities Other | 894.7M | 815.9M | 523.3M | 583.6M | 571M | 379.6M | |
Noncontrolling Interest In Consolidated Entity | 16.2M | 22.0M | 18.5M | 7.1M | 8.2M | 7.7M |
Pair Trading with Nexstar Broadcasting
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Nexstar Broadcasting position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Nexstar Broadcasting will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Nexstar Broadcasting could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nexstar Broadcasting when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Nexstar Broadcasting - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Nexstar Broadcasting Group to buy it.
The correlation of Nexstar Broadcasting is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Nexstar Broadcasting moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nexstar Broadcasting moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Nexstar Broadcasting can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nexstar Broadcasting Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
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Is Nexstar Broadcasting's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Nexstar Broadcasting. If investors know Nexstar will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Nexstar Broadcasting listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.737 | Dividend Share 5.74 | Earnings Share 11.83 | Revenue Per Share 143.769 | Quarterly Revenue Growth 0.021 |
The market value of Nexstar Broadcasting is measured differently than its book value, which is the value of Nexstar that is recorded on the company's balance sheet. Investors also form their own opinion of Nexstar Broadcasting's value that differs from its market value or its book value, called intrinsic value, which is Nexstar Broadcasting's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Nexstar Broadcasting's market value can be influenced by many factors that don't directly affect Nexstar Broadcasting's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Nexstar Broadcasting's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nexstar Broadcasting is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nexstar Broadcasting's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.