Tegna Inc (TGNA)
Cash conversion cycle
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | — | — | — | — | — | — | — | — | — | 8.69 | 8.21 | 6.91 | 4.50 | 5.04 | 4.71 | 5.32 | 4.74 | 5.31 | 5.02 | 5.41 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Cash conversion cycle | days | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 8.69 | 8.21 | 6.91 | 4.50 | 5.04 | 4.71 | 5.32 | 4.74 | 5.31 | 5.02 | 5.41 |
December 31, 2024 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= — + — – —
= 0.00
The cash conversion cycle for Tegna Inc has shown some fluctuations over the past few years, ranging from a low of 4.50 days to a high of 8.69 days. A lower cash conversion cycle indicates that the company is able to convert its investments in inventory back to cash more quickly, which is generally considered favorable as it shows efficient management of working capital.
At the end of December 2022, and for the subsequent quarters in 2023 and 2024, the cash conversion cycle appears to be zero days, which may signify a change in the company's operations or reporting practices. It could also indicate that the company is managing its working capital exceptionally well, with a minimal lag between the outflow of cash for purchasing raw materials and the inflow of cash from the sale of finished goods.
Overall, it is essential for Tegna Inc to continuously monitor and manage its cash conversion cycle to optimize efficiency in its working capital management and ensure healthy liquidity levels to support its ongoing operations and growth strategies.
Peer comparison
Dec 31, 2024