Tegna Inc (TGNA)

Fixed asset turnover

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Revenue US$ in thousands 3,101,970 2,910,930 3,279,240 2,991,090 2,937,780
Property, plant and equipment US$ in thousands — — 535,501 467,195 470,359
Fixed asset turnover — — 6.12 6.40 6.25

December 31, 2024 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $3,101,970K ÷ $—K
= —

The fixed asset turnover ratio of Tegna Inc has demonstrated a consistently high level of efficiency in generating revenue from its fixed assets over the years. The ratio increased from 6.25 in December 2020 to 6.40 in December 2021 before experiencing a slight decrease to 6.12 in December 2022. However, there is missing data for December 2023 and 2024, which limits the ability to assess the trend further. Overall, the company's ability to generate revenue from its fixed assets is commendable, indicating effective utilization of its capital investments in supporting its core operations.