Tegna Inc (TGNA)

Total asset turnover

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Revenue US$ in thousands 3,101,970 2,910,930 3,279,240 2,991,090 2,937,780
Total assets US$ in thousands 7,326,520 7,000,060 7,328,900 6,917,650 6,848,700
Total asset turnover 0.42 0.42 0.45 0.43 0.43

December 31, 2024 calculation

Total asset turnover = Revenue ÷ Total assets
= $3,101,970K ÷ $7,326,520K
= 0.42

Total asset turnover is a key financial ratio that measures a company's ability to generate sales revenue from its total assets. In the case of Tegna Inc, the total asset turnover has remained relatively stable over the past few years.

As per the provided data, Tegna Inc's total asset turnover was 0.43 at the end of 2020 and 2021. It then increased slightly to 0.45 at the end of 2022 before declining to 0.42 at the end of both 2023 and 2024.

A total asset turnover ratio of less than 1 indicates that Tegna Inc is generating less in sales revenue relative to its total assets. The stability of the ratio suggests that the company's assets are being utilized consistently to generate revenue. However, the slight decline in the ratio in the most recent years might indicate a slight inefficiency in asset utilization or challenges in increasing sales revenue in relation to total assets.

Further analysis and comparison with industry peers would provide a more comprehensive understanding of Tegna Inc's performance in terms of asset efficiency and sales generation.