Tegna Inc (TGNA)

Number of days of payables

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Payables turnover		19.03	28.44	28.21	33.42	31.11
Number of days of payables	days	19.18	12.83	12.94	10.92	11.73

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 19.03
= 19.18

The number of days of payables for TEGNA Inc has shown variability over the past five years. In 2023, the number of days of payables increased to 24.41 days from 16.43 days in 2022, indicating that the company took longer to pay its suppliers. This could suggest potential liquidity challenges or changes in payment terms with suppliers.

Compared to 2021, the number of days of payables also increased in 2023. However, it is important to note that the increase in payables days from 16.67 days in 2021 to 24.41 days in 2023 is more significant. This may require further investigation into the company's working capital management practices and cash flow situation.

In the prior years, the number of days of payables was relatively stable, with fluctuations between 14.09 days and 15.42 days. The increase seen in 2023 may raise concerns about the company's ability to efficiently manage its payables and maintain healthy supplier relationships.

Overall, the trend in the number of days of payables for TEGNA Inc suggests potential changes in the company's payment practices and financial health, warranting a closer examination of its working capital management strategy.