Tegna Inc (TGNA)

Fixed asset turnover

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
Revenue (ttm) US$ in thousands 3,101,971 2,957,296 2,863,712 2,884,855 2,910,930 3,102,206 3,192,074 3,245,449 3,279,245 3,136,762 3,090,138 3,038,165 2,991,093 3,154,021 3,135,923 2,980,642 2,937,780 2,694,160 2,507,628 2,466,933
Property, plant and equipment US$ in thousands — — — — — 514,582 441,781 445,130 535,501 456,514 543,605 457,339 467,195 459,866 558,407 469,545 470,359 470,547 582,535 590,069
Fixed asset turnover — — — — — 6.03 7.23 7.29 6.12 6.87 5.68 6.64 6.40 6.86 5.62 6.35 6.25 5.73 4.30 4.18

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $3,101,971K ÷ $—K
= —

Fixed asset turnover is a financial ratio that measures how efficiently a company is generating revenue from its investment in fixed assets. In the case of Tegna Inc, the fixed asset turnover ratio has shown fluctuations over the past few years based on the provided data.

From March 31, 2020, to March 31, 2022, Tegna Inc experienced a steady increase in its fixed asset turnover ratio, indicating improving efficiency in utilizing its fixed assets to generate sales. The ratio peaked at 7.29 on March 31, 2023, suggesting that the company was able to generate $7.29 in revenue for every dollar invested in fixed assets.

However, in the subsequent periods, the fixed asset turnover ratio started to decline, although it remained above 5, indicating that Tegna Inc continued to efficiently utilize its fixed assets to drive revenue. By the end of December 31, 2023, the ratio stood at 6.03.

The data for the periods beyond December 31, 2023, is not available, as denoted by "—" in the dataset. This lack of data for the later periods makes it challenging to provide a complete analysis of Tegna Inc's fixed asset turnover trend.

In conclusion, based on the available data, Tegna Inc's fixed asset turnover ratio exhibited an increasing trend followed by a slight decline, suggesting the company's efficiency in generating revenue from its fixed assets. Continued monitoring of this ratio will be essential to assess the company's ongoing operational efficiency and asset utilization.