Tegna Inc (TGNA)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,738,030 | 3,105,220 | 2,805,440 | 2,727,490 | 2,119,510 |
| Receivables | US$ in thousands | 633,744 | 671,811 | 657,776 | 564,786 | 601,405 |
| Receivables turnover | 4.32 | 4.62 | 4.27 | 4.83 | 3.52 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $2,738,030K ÷ $633,744K
= 4.32
Receivables turnover is a financial ratio that measures how efficiently a company is collecting its accounts receivable during a specific period. The trend analysis of TEGNA Inc's receivables turnover over the past five years reveals fluctuations in the efficiency of collecting receivables.
In 2023, the receivables turnover ratio was 4.59, showing a slight decrease from 4.88 in 2022. This decrease could indicate a longer collection period for receivables in 2023 compared to the previous year. However, it is important to note that a higher receivables turnover ratio signifies better efficiency in collecting receivables.
Comparing these figures with earlier years, the ratio was 4.55 in 2021 and 5.20 in 2020, indicating that the company was more efficient in collecting receivables in 2020. In contrast, the ratio was 3.82 in 2019, showcasing a less efficient collection process that year.
Overall, the receivables turnover of TEGNA Inc has varied over the past five years, suggesting fluctuations in the company's ability to collect outstanding receivables in a timely manner. Further analysis would be needed to understand the specific reasons behind these fluctuations and to assess the effectiveness of the company's credit and collection policies.
Peer comparison
Dec 31, 2023