Tegna Inc (TGNA)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | — | — | 104.41 | 99.43 | 60.01 | |
| DOH | days | — | — | 3.50 | 3.67 | 6.08 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —
Based on the provided data, the days of inventory on hand (DOH) for TEGNA Inc are not explicitly available for the years 2019 to 2023. The DOH ratio is a measure of how many days a company's inventory will last and is calculated by dividing the average inventory by the cost of goods sold and multiplying by 365 days.
Since the DOH values are not provided in the table, it is difficult to assess TEGNA Inc's inventory management efficiency over the last five years. A lower DOH ratio typically indicates that a company is efficiently managing its inventory and selling products quickly, while a higher DOH ratio may suggest slower inventory turnover and potentially obsolete goods.
To conduct a more in-depth analysis of TEGNA Inc's inventory management, additional data such as the average inventory levels and cost of goods sold for each year would be needed. Without this information, it is challenging to draw specific conclusions about the company's inventory performance.
Peer comparison
Dec 31, 2023