Tegna Inc (TGNA)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 784,784 | 733,545 | 990,632 | 802,216 | 870,982 |
| Total assets | US$ in thousands | 7,326,520 | 7,000,060 | 7,328,900 | 6,917,650 | 6,848,700 |
| Operating ROA | 10.71% | 10.48% | 13.52% | 11.60% | 12.72% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $784,784K ÷ $7,326,520K
= 10.71%
Operating Return on Assets (Operating ROA) is a key financial ratio that measures a company's ability to generate operating profits from its assets.
Analyzing Tegna Inc's Operating ROA over the past five years, we observe fluctuations in performance. The ratio was 12.72% as of December 31, 2020, showing a strong performance. However, there was a slight decline to 11.60% by December 31, 2021. The company then saw an improvement in its operating efficiency with an Operating ROA of 13.52% by the end of 2022.
However, in the subsequent years, Tegna Inc experienced a decrease in its Operating ROA. By December 31, 2023, the ratio had declined to 10.48%, and further dropped to 10.71% by the end of 2024.
These fluctuations in Tegna Inc's Operating ROA indicate varying levels of effectiveness in utilizing its assets to generate operating profits. It is crucial for the company to assess the factors influencing these changes and implement strategies to enhance its operational efficiency in order to improve its overall financial performance.
Peer comparison
Dec 31, 2024