Tegna Inc (TGNA)
Days of sales outstanding (DSO)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | 4.32 | 4.76 | 5.00 | 4.74 | 4.62 | 4.94 | 4.67 | 4.36 | 4.27 | 4.81 | 4.90 | 4.53 | 5.02 | 4.76 | 4.65 | 4.10 | 3.52 | 3.76 | 4.35 | 4.31 | |
| DSO | days | 84.48 | 76.70 | 73.02 | 77.03 | 78.97 | 73.84 | 78.19 | 83.79 | 85.58 | 75.86 | 74.43 | 80.60 | 72.68 | 76.65 | 78.42 | 89.00 | 103.57 | 97.16 | 83.84 | 84.66 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 4.32
= 84.48
Days Sales Outstanding (DSO) is a critical financial ratio that indicates the average number of days it takes for a company to collect its accounts receivable. A lower DSO generally indicates a more efficient accounts receivable process and better liquidity for the company.
Analyzing TEGNA Inc's DSO over the past eight quarters reveals fluctuations in the company's accounts receivable collection efficiency. In Q4 2023, the DSO increased to 79.46 days from 72.42 days in Q3 2023, indicating a potential delay in collecting receivables. This uptick follows a decreasing trend from Q2 2023 (69.06 days) to Q3 2023.
Comparing the latest quarter to the same period in the previous year, there is an increase in DSO from Q4 2022 (74.78 days), suggesting a potential deterioration in the efficiency of accounts receivable collection.
Overall, TEGNA Inc's DSO has shown some volatility over the quarters, indicating possible challenges in managing accounts receivable efficiently. It is essential for the company to monitor and improve its collection processes to ensure timely receipt of payments and maintain healthy liquidity levels.
Peer comparison
Dec 31, 2023