Tegna Inc (TGNA)
Activity ratios
Short-term
Turnover ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | — | — | — | — | — | — | — | — | — | 42.02 | 44.45 | 52.81 | 81.06 | 72.36 | 77.51 | 68.62 | 77.06 | 68.75 | 72.66 | 67.50 |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Working capital turnover | 3.47 | 3.95 | 4.25 | 4.36 | 4.64 | 3.51 | 3.94 | 3.18 | 3.59 | 4.64 | 6.00 | 7.81 | 7.25 | 7.76 | 8.24 | 9.81 | 11.83 | 7.40 | 6.36 | 7.63 |
The activity ratios of Tegna Inc provide insights into its operational efficiency over time.
1. Inventory Turnover: Tegna Inc has shown fluctuations in inventory turnover, ranging from a high of 81.06 in December 2021 to a low of 42.02 in September 2022. A higher inventory turnover indicates that the company is selling goods more quickly, which can be a positive sign for the business.
2. Receivables Turnover: Data on receivables turnover is unavailable, indicating that the company may not have provided this information or that the turnover ratio is not applicable or relevant to Tegna Inc's operations.
3. Payables Turnover: Similar to receivables turnover, information on payables turnover is not available, suggesting that the company may not disclose this ratio or that it may not be significant for Tegna Inc.
4. Working Capital Turnover: Tegna Inc's working capital turnover has been on a declining trend over the years, falling from 11.83 in December 2020 to 3.47 in December 2024. A lower working capital turnover may indicate inefficiencies in how the company is utilizing its working capital to generate sales.
Overall, while inventory turnover provides some insight into Tegna Inc's operational efficiency, the lack of data on receivables and payables turnover limits a comprehensive assessment of the company's activity ratios. The declining trend in working capital turnover raises concerns about the company's ability to efficiently utilize its resources to drive sales.
Average number of days
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | — | — | — | — | — | — | — | — | — | 8.69 | 8.21 | 6.91 | 4.50 | 5.04 | 4.71 | 5.32 | 4.74 | 5.31 | 5.02 | 5.41 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
The activity ratios of Tegna Inc provide insights into the efficiency of the company's operations.
1. Days of Inventory on Hand (DOH): This ratio measures how many days it takes for the company to sell its inventory. Tegna Inc's DOH has fluctuated over the years, ranging from 4.50 days to 8.69 days. A lower DOH indicates efficient inventory management, while a higher DOH may suggest excess or slow-moving inventory.
2. Days of Sales Outstanding (DSO): DSO reflects the average number of days it takes for the company to collect revenue after making a sale. The data shows that DSO information is not available for Tegna Inc for the periods mentioned, indicating a lack of data to evaluate the efficiency of the company's sales collection process.
3. Number of Days of Payables: This ratio looks at how long the company takes to pay its suppliers. Similarly, there is no available data on the number of days of payables, making it challenging to assess the company's payment practices and relationships with its suppliers.
In conclusion, while the Days of Inventory on Hand data suggests fluctuations in Tegna Inc's inventory management efficiency, the lack of information on Days of Sales Outstanding and Number of Days of Payables limits a comprehensive analysis of the company's overall activity ratios.
Long-term
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fixed asset turnover | — | — | — | — | — | 6.03 | 7.23 | 7.29 | 6.12 | 6.87 | 5.68 | 6.64 | 6.40 | 6.86 | 5.62 | 6.35 | 6.25 | 5.73 | 4.30 | 4.18 |
| Total asset turnover | 0.42 | 0.41 | 0.40 | 0.41 | 0.42 | 0.43 | 0.45 | 0.44 | 0.45 | 0.44 | 0.44 | 0.44 | 0.43 | 0.46 | 0.46 | 0.43 | 0.43 | 0.39 | 0.36 | 0.36 |
The fixed asset turnover ratio of Tegna Inc has shown a generally increasing trend over the years, starting at 4.18 in March 2020 and reaching 7.29 in March 2023. This indicates that the company has been able to generate more revenue from its fixed assets over time.
On the other hand, the total asset turnover ratio has been relatively stable, fluctuating between 0.36 and 0.46 from March 2020 to March 2023. This ratio measures how efficiently the company is utilizing all its assets to generate revenue.
Overall, Tegna Inc's long-term activity ratios suggest that the company has been effectively utilizing its fixed assets to generate revenue, while also maintaining a consistent level of efficiency in utilizing its total assets for revenue generation.