Tegna Inc (TGNA)

Activity ratios

Short-term

Turnover ratios

	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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Inventory turnover	—	—	—	—	—	53.90	57.31	68.26	104.41	92.92	99.37	88.03	99.43	89.73	95.28	88.64	60.06	58.95	82.93	80.29
Receivables turnover	4.32	4.76	5.00	4.74	4.62	4.94	4.67	4.36	4.27	4.81	4.90	4.53	5.02	4.76	4.65	4.10	3.52	3.76	4.35	4.31
Payables turnover	19.03	25.56	27.78	24.67	28.44	25.53	24.46	24.00	28.21	44.09	53.89	45.64	33.42	31.00	49.11	31.73	31.13	23.85	24.88	26.93
Working capital turnover	4.37	3.31	3.72	3.01	3.40	4.38	5.66	7.34	6.80	7.30	7.73	9.33	11.42	6.77	5.90	7.07	6.12	7.56	7.90	10.43

Inventory turnover was not provided in the table. Receivables turnover, which measures how efficiently a company is collecting payments from its customers, has been relatively consistent over the past eight quarters, ranging from 4.59 to 5.29. This indicates TEGNA Inc has been managing its accounts receivables well.

On the other hand, payables turnover, reflecting how quickly the company is paying its suppliers, has shown some variation, with values ranging from 14.95 to 22.22. This suggests that TEGNA Inc has been making changes in its payment practices or managing its supplier relationships differently over time.

Working capital turnover, a measure of how efficiently a company is utilizing its working capital, has fluctuated significantly over the quarters, ranging from 3.18 to 7.81. This indicates that TEGNA Inc's management of working capital has varied and may have been impacted by changes in operational efficiency or business activities during the period.

Overall, the analysis of TEGNA Inc's activity ratios suggests that the company has been effective in managing its receivables, but its payment practices and working capital management have shown some variability.

Average number of days

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Days of inventory on hand (DOH)	days	—	—	—	—	—	6.77	6.37	5.35	3.50	3.93	3.67	4.15	3.67	4.07	3.83	4.12	6.08	6.19	4.40	4.55
Days of sales outstanding (DSO)	days	84.48	76.70	73.02	77.03	78.97	73.84	78.19	83.79	85.58	75.86	74.43	80.60	72.68	76.65	78.42	89.00	103.57	97.16	83.84	84.66
Number of days of payables	days	19.18	14.28	13.14	14.79	12.83	14.30	14.92	15.21	12.94	8.28	6.77	8.00	10.92	11.78	7.43	11.50	11.72	15.31	14.67	13.55

Activity ratios such as days of inventory on hand (DOH), days of sales outstanding (DSO), and number of days of payables provide insight into how efficiently TEGNA Inc is managing its inventory, accounts receivable, and accounts payable.

The days of sales outstanding (DSO) measure how long it takes for the company to collect payments from its customers. From Q1 2022 to Q4 2023, TEGNA's DSO ranged between 69.06 to 79.46 days. The lower the DSO, the better, as it indicates faster collection of receivables.

In contrast, the number of days of payables measures how long it takes for the company to pay its suppliers and vendors. TEGNA's number of days of payables ranged between 16.43 to 24.41 days over this period. A higher number of days of payables could indicate an extended period for paying suppliers, potentially providing more flexibility in managing cash flow.

However, without data on days of inventory on hand (DOH), it is challenging to fully assess TEGNA's inventory management efficiency. DOH would provide insights into how long it takes for the company to sell its inventory, with lower DOH generally indicating efficient inventory turnover.

In conclusion, TEGNA Inc's activity ratios suggest that it may be managing its accounts receivable and payable efficiently, but a complete assessment would require data on its inventory turnover.

Long-term

	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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Fixed asset turnover	6.06	6.64	6.83	6.90	6.79	6.49	6.34	6.24	6.00	6.45	6.31	6.03	6.03	5.23	4.84	4.71	4.36	4.39	5.34	5.27
Total asset turnover	0.39	0.41	0.42	0.42	0.42	0.42	0.42	0.42	0.41	0.43	0.43	0.41	0.41	0.35	0.34	0.33	0.30	0.30	0.38	0.38

The fixed asset turnover ratio for TEGNA Inc has been consistently high, ranging from 6.44 to 7.29 over the past eight quarters. This indicates that the company generates significant revenue relative to its investment in fixed assets such as property, plant, and equipment.

On the other hand, the total asset turnover ratio has been relatively stable between 0.42 and 0.45 during the same period. This suggests that TEGNA Inc efficiently utilizes its total assets to generate revenue.

Overall, TEGNA Inc shows a strong ability to generate sales from both fixed assets and total assets, which signifies operational efficiency and effective management of its asset base over the quarters analyzed.