Tegna Inc (TGNA)

Total asset turnover

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Revenue (ttm) US$ in thousands 3,101,971 2,957,296 2,863,712 2,884,855 2,910,930 3,102,206 3,192,074 3,245,449 3,279,245 3,136,762 3,090,138 3,038,165 2,991,093 3,154,021 3,135,923 2,980,642 2,937,780 2,694,160 2,507,628 2,466,933
Total assets US$ in thousands 7,326,520 7,198,600 7,089,330 7,104,660 7,000,060 7,195,050 7,115,270 7,394,040 7,328,900 7,124,130 6,965,480 6,853,740 6,917,650 6,930,650 6,843,100 6,857,810 6,848,700 6,945,000 6,928,420 6,894,100
Total asset turnover 0.42 0.41 0.40 0.41 0.42 0.43 0.45 0.44 0.45 0.44 0.44 0.44 0.43 0.46 0.46 0.43 0.43 0.39 0.36 0.36

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,101,971K ÷ $7,326,520K
= 0.42

Total asset turnover for Tegna Inc has shown a relatively stable trend over the period from March 31, 2020, to December 31, 2024, ranging between 0.36 and 0.46. The ratio indicates that, on average, the company generates revenue equal to around 36% to 46% of its total assets annually.

The slight increase in total asset turnover from 0.36 in March 2020 to 0.46 in June 2021 suggests that Tegna Inc became more efficient in utilizing its assets to generate sales during that period. However, the ratio has fluctuated around the 0.44 mark since then.

Overall, the total asset turnover ratio provides insights into how well Tegna Inc is utilizing its assets to generate revenue and can be used to assess the company's operational efficiency over time.