Tegna Inc (TGNA)
Total asset 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 |
| Total assets | US$ in thousands | 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 | 6,953,980 | 6,902,240 | 5,412,690 | 5,323,750 |
| Total asset turnover | 0.39 | 0.41 | 0.42 | 0.42 | 0.42 | 0.42 | 0.42 | 0.42 | 0.41 | 0.43 | 0.43 | 0.41 | 0.41 | 0.35 | 0.34 | 0.33 | 0.30 | 0.30 | 0.38 | 0.38 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,738,026K ÷ $7,000,060K
= 0.39
TEGNA Inc's total asset turnover has fluctuated slightly over the past eight quarters, ranging from 0.42 to 0.45. This ratio indicates the company's efficiency in generating sales revenue relative to its total assets. A lower value suggests that the company is less effective in utilizing its assets to generate revenue, while a higher value implies better asset utilization.
The consistency of TEGNA Inc's total asset turnover around 0.44 to 0.45 in recent quarters indicates relatively stable asset utilization efficiency. It suggests that the company has been able to maintain a consistent level of sales revenue relative to its total assets over this period.
Overall, it is important for TEGNA Inc to continue monitoring and potentially improving its total asset turnover to ensure optimal efficiency in utilizing its assets to generate revenue.
Peer comparison
Dec 31, 2023