Tegna Inc (TGNA)
Payables 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 |
| Payables | US$ in thousands | 114,950 | 76,212 | 72,996 | 58,049 | 51,894 |
| Payables turnover | 19.03 | 28.44 | 28.21 | 33.42 | 31.11 |
December 31, 2023 calculation
Payables turnover = Cost of revenue ÷ Payables
= $2,187,680K ÷ $114,950K
= 19.03
TEGNA Inc's payables turnover ratio has shown a decreasing trend over the past five years, declining from 23.67 in 2019 to 14.95 in 2023. This indicates that the company is taking longer to pay its suppliers and manage its accounts payables efficiently. A lower payables turnover ratio may suggest potential liquidity issues or strained vendor relationships. It is advisable for TEGNA Inc to evaluate its payables management practices and aim to improve efficiency in settling its obligations to suppliers in a timely manner.
Peer comparison
Dec 31, 2023
Company name
Symbol
Payables turnover
Tegna Inc
TGNA
19.03
Fox Corp Class A
FOXA
—
Fox Corp Class B
FOX
—
Nexstar Broadcasting Group Inc
NXST
16.38
Paramount Global Class B
PARA
25.52