Tegna Inc (TGNA)
Activity ratios
Short-term
Turnover ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Inventory turnover | — | — | — | 81.06 | 77.06 |
| Receivables turnover | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
| Working capital turnover | 3.47 | 4.64 | 3.59 | 7.25 | 11.83 |
Based on the provided data for Tegna Inc's activity ratios, we can analyze the following:
1. Inventory Turnover:
- The inventory turnover ratio measures how efficiently the company manages its inventory. Tegna Inc's inventory turnover has shown an improvement from 77.06 in 2020 to 81.06 in 2021, indicating that the company is selling its inventory more frequently. However, for the years 2022, 2023, and 2024, data is not available for analysis.
2. Receivables Turnover:
- The receivables turnover ratio reflects how well the company is collecting its receivables. Data is not available for Tegna Inc's receivables turnover for the years 2020 to 2024, so we are unable to assess the efficiency of the company in collecting its receivables.
3. Payables Turnover:
- The payables turnover ratio indicates how quickly a company is paying its suppliers. Similar to receivables turnover, data is not available for Tegna Inc's payables turnover for the years 2020 to 2024, so we cannot evaluate the company's payment practices.
4. Working Capital Turnover:
- The working capital turnover ratio measures how effectively the company is using its working capital to generate sales. Tegna Inc's working capital turnover has shown a declining trend from 11.83 in 2020 to 3.47 in 2024. This decline may indicate a decrease in the company's efficiency in utilizing its working capital to generate revenue.
In conclusion, while Tegna Inc has shown improvement in its inventory turnover, the lack of data for receivables turnover and payables turnover limits our ability to fully evaluate the company's efficiency in managing its receivables and payables. The declining trend in working capital turnover suggests a potential inefficiency in utilizing working capital to drive sales over the years. Additional data and analysis would be needed for a more complete understanding of Tegna Inc's activity ratios and overall financial performance.
Average number of days
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | — | — | — | 4.50 | 4.74 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — |
Based on the provided data for Tegna Inc's activity ratios:
1. Days of Inventory on Hand (DOH):
- As of December 31, 2020, Tegna Inc held inventory for an average of 4.74 days before selling it.
- This decreased slightly to 4.50 days by December 31, 2021, indicating a more efficient management of inventory.
- The data for the years 2022, 2023, and 2024 is not available, so it's unclear how inventory management may have evolved in those years.
2. Days of Sales Outstanding (DSO):
- Unfortunately, there is no data available for the DSO metric for any of the years from 2020 to 2024.
- DSO is a measure of how long it takes for a company to collect payments from its customers, so without this data, we can't evaluate the efficiency of Tegna Inc in collecting receivables.
3. Number of Days of Payables:
- Similar to DSO, there is no data provided for the number of days of payables for Tegna Inc in the years 2020 to 2024.
- This metric would have shown how long the company takes to pay its suppliers and could have provided insight into its working capital management practices.
Overall, the analysis of Tegna Inc's activity ratios is limited by the lack of data for DSO and the number of days of payables. However, based on the available information, it appears that the company has slightly improved its inventory turnover from 2020 to 2021. Further data would be needed to assess the efficiency of the company's accounts receivable and accounts payable management.
Long-term
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Fixed asset turnover | — | — | 6.12 | 6.40 | 6.25 |
| Total asset turnover | 0.42 | 0.42 | 0.45 | 0.43 | 0.43 |
The Fixed Asset Turnover ratio measures how efficiently a company is generating sales revenue from its fixed assets. For Tegna Inc, the Fixed Asset Turnover has shown a slight increase from 6.25 in 2020 to 6.40 in 2021, indicating that the company is utilizing its fixed assets more effectively to generate sales. However, there was a slight decrease to 6.12 in 2022, suggesting a potential slight decrease in the efficiency of fixed asset utilization.
On the other hand, the Total Asset Turnover ratio assesses the company's ability to generate sales revenue from its total assets. Tegna Inc consistently maintained a stable Total Asset Turnover ratio of 0.43 from 2020 to 2021, demonstrating a consistent level of efficiency in utilizing its total assets to generate sales revenue. In 2022 and 2023, there was a slight increase to 0.45 and then a decrease to 0.42 in 2024. These fluctuations may indicate changes in the company's asset utilization efficiency.
Overall, based on the analysis of the long-term activity ratios for Tegna Inc, the company has shown relatively consistent efficiency in generating sales revenue from both its fixed assets and total assets, with minor fluctuations in performance over the years.