Tegna Inc (TGNA)
Inventory turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 2,187,680 | 2,167,630 | 2,059,320 | 1,939,800 | 1,614,240 |
| Inventory | US$ in thousands | — | — | 19,724 | 19,509 | 26,899 |
| Inventory turnover | — | — | 104.41 | 99.43 | 60.01 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $2,187,680K ÷ $—K
= —
To calculate TEGNA Inc's inventory turnover for the years 2019 to 2023, we would need the values for cost of goods sold (COGS) and average inventory for each year. Inventory turnover measures how efficiently a company manages its inventory by indicating the number of times inventory is sold and replaced during a specific period.
The formula for inventory turnover is:
Inventory Turnover = Cost of Goods Sold / Average Inventory
Without the specific data for the cost of goods sold and average inventory for TEGNA Inc in the given years (2019 to 2023), we are unable to calculate the inventory turnover. A higher inventory turnover ratio generally indicates that a company is efficiently selling its products and managing its inventory levels effectively. Conversely, a lower inventory turnover ratio may suggest overstocking or slow-moving inventory.
In the absence of this data, we are unable to provide a detailed analysis of TEGNA Inc's inventory turnover. It would be valuable to obtain the necessary financial information to assess the company's inventory management efficiency over the specified years.
Peer comparison
Dec 31, 2023