Tegna Inc (TGNA)

Days of inventory on hand (DOH)

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
Inventory turnover — — — — — — — — — 42.02 44.45 52.81 81.06 72.36 77.51 68.62 77.06 68.75 72.66 67.50
DOH days — — — — — — — — — 8.69 8.21 6.91 4.50 5.04 4.71 5.32 4.74 5.31 5.02 5.41

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —

The days of inventory on hand (DOH) ratio provides insight into how efficiently a company manages its inventory. A lower DOH indicates that the company is selling its inventory quickly, which is generally seen as positive.

Analyzing the data provided for Tegna Inc, we observe the following trends:

- The DOH for Tegna Inc decreased from 5.41 days on March 31, 2020, to 4.74 days on December 31, 2020. This indicates an improvement in inventory management efficiency during this period.
- The trend continued to show a decrease in DOH, reaching its lowest point of 4.50 days on December 31, 2021. This suggests continued effectiveness in managing inventory levels.
- However, starting from March 31, 2022, the DOH ratio began to increase, reaching 8.69 days on September 30, 2022. This rise may indicate potential issues such as slower inventory turnover or overstocking.
- As of December 31, 2022, the DOH data is not available, indicating a potential gap in the information provided.
- The subsequent data points from March 31, 2023, onwards are also missing, which limits our ability to track the inventory management performance of Tegna Inc in those periods.

In conclusion, while Tegna Inc initially demonstrated improvements in inventory management efficiency by reducing its DOH ratio, the subsequent increase in the ratio from March 31, 2022, onwards may raise concerns about the company's inventory management practices. Further data beyond December 31, 2022, is needed to assess the latest trends in inventory management for a more comprehensive analysis.