Tegna Inc (TGNA)

Inventory turnover

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Cost of revenue US$ in thousands 1,756,120 1,718,860 1,693,220 1,598,760 1,503,290
Inventory US$ in thousands — 0 — 19,724 19,509
Inventory turnover — — — 81.06 77.06

December 31, 2024 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $1,756,120K ÷ $—K
= —

The inventory turnover ratio for Tegna Inc has been consistently increasing over the past few years. As of December 31, 2021, the inventory turnover ratio stood at 81.06, reflecting the company's ability to efficiently manage its inventory levels. This indicates that Tegna Inc is selling its inventory at a faster rate compared to the previous year, which is generally a positive sign of effective inventory management.

The company's inventory turnover ratio of 81.06 implies that the inventory is being sold and replaced approximately 81 times in a given period, typically a year. A higher inventory turnover ratio suggests that Tegna Inc is effectively minimizing holding costs and reducing the risk of obsolete inventory.

However, it is important to note that there is no data available for the inventory turnover ratio for the years 2022, 2023, and 2024. This lack of information hinders a comprehensive analysis of the trend beyond 2021, and it is recommended that further data be obtained to assess the ongoing efficiency of Tegna Inc's inventory management practices.