Tegna Inc (TGNA)
Inventory 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 1,784,951 | 1,779,433 | 1,779,838 | 1,749,486 | 1,745,851 | 1,728,365 | 1,718,996 | 1,708,703 | 1,693,221 | 1,667,774 | 1,638,634 | 1,615,517 | 1,598,759 | 1,590,928 | 1,570,362 | 1,528,611 | 1,503,287 | 1,459,079 | 1,386,368 | 1,316,294 |
| Inventory | US$ in thousands | — | — | — | 0 | 0 | 0 | — | — | — | 39,694 | 36,867 | 30,589 | 19,724 | 21,986 | 20,261 | 22,276 | 19,509 | 21,224 | 19,081 | 19,501 |
| Inventory turnover | — | — | — | — | — | — | — | — | — | 42.02 | 44.45 | 52.81 | 81.06 | 72.36 | 77.51 | 68.62 | 77.06 | 68.75 | 72.66 | 67.50 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $1,784,951K ÷ $—K
= —
The inventory turnover ratio for Tegna Inc has fluctuated over the past few years. It stood at 67.50 at March 31, 2020, and showed a consistent improvement reaching 81.06 by December 31, 2021. This indicates that the company's ability to turn over its inventory into sales had been increasing during this period.
However, there was a noticeable decline in inventory turnover to 52.81 at March 31, 2022, followed by a further decrease to 44.45 at June 30, 2022. This decline suggests that Tegna Inc may be experiencing challenges in effectively managing its inventory levels or that sales were decreasing relative to the inventory held.
By September 30, 2022, the inventory turnover improved slightly to 42.02 but still remained lower than the levels seen in previous periods. The trend of decreasing inventory turnover continued, indicating a potential inefficiency in inventory management or a slowdown in sales.
It is worth noting that the inventory turnover ratio provides insights into how efficiently a company is managing its inventory by showing how many times the company's inventory is sold and replaced over a specific period. In the case of Tegna Inc, the decreasing trend in inventory turnover warrants further investigation to identify the root causes and implement appropriate strategies to improve efficiency in inventory management.
Peer comparison
Dec 31, 2024
Dec 31, 2024