Tegna Inc (TGNA)
Cash conversion cycle
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | — | — | — | 4.50 | 4.74 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — |
| Cash conversion cycle | days | 0.00 | 0.00 | 0.00 | 4.50 | 4.74 |
December 31, 2024 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= — + — – —
= 0.00
The cash conversion cycle of Tegna Inc has shown a consistent trend of improvement over the years. In 2020, the company's cash conversion cycle was 4.74 days, which decreased to 4.50 days by the end of 2021. Notably, the cash conversion cycle dropped to 0.00 days by the end of 2022 and remained at 0.00 days for the subsequent years up to 2024.
This rapid reduction in the cash conversion cycle indicates that Tegna Inc has been able to efficiently manage its working capital and convert its inventory into cash more quickly. A lower or zero cash conversion cycle is generally a positive indicator, suggesting that the company is able to collect cash from customers faster, pay suppliers later, and optimize its operations for better liquidity and profitability.
Peer comparison
Dec 31, 2024