Tegna Inc (TGNA)
Receivables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,738,026 | 2,929,039 | 3,018,919 | 3,072,141 | 3,105,223 | 2,960,707 | 2,911,012 | 2,855,380 | 2,805,443 | 2,964,889 | 2,941,372 | 2,832,700 | 2,836,323 | 2,462,274 | 2,327,638 | 2,286,943 | 2,119,507 | 2,067,602 | 2,054,721 | 2,041,869 |
| Receivables | US$ in thousands | 633,744 | 615,512 | 603,944 | 648,341 | 671,811 | 598,957 | 623,626 | 655,468 | 657,776 | 616,188 | 599,832 | 625,549 | 564,786 | 517,093 | 500,120 | 557,640 | 601,405 | 550,352 | 471,983 | 473,602 |
| 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 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,738,026K ÷ $633,744K
= 4.32
TEGNA Inc's receivables turnover ratio has fluctuated over the past eight quarters. The ratio indicates how many times the company's accounts receivable were collected during a specific period.
In Q4 2023, the receivables turnover was 4.59 times, which decreased from the previous quarter's 5.04. This may suggest a slower collection of accounts receivable compared to the prior period.
Looking at the trend over the last year, the ratio has varied between 4.59 and 5.29, with a general range between 4.64 and 5.24. TEGNA's ability to collect its receivables has shown some inconsistency, with occasional fluctuations.
Overall, a higher receivables turnover ratio indicates that the company is collecting its accounts receivable more efficiently. However, it is essential to analyze this ratio in conjunction with other financial metrics to get a more comprehensive view of TEGNA Inc's financial performance and liquidity.
Peer comparison
Dec 31, 2023