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.