Tegna Inc (TGNA)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 733,545 | 990,632 | 802,216 | 870,982 | 559,018 |
| Total assets | US$ in thousands | 7,000,060 | 7,328,900 | 6,917,650 | 6,848,700 | 6,953,980 |
| Operating ROA | 10.48% | 13.52% | 11.60% | 12.72% | 8.04% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $733,545K ÷ $7,000,060K
= 10.48%
Operating Return on Assets (operating ROA) is a key financial ratio used to evaluate a company's efficiency in generating profits from its assets utilized in its core operations. TEGNA Inc's operating ROA has fluctuated over the past five years, as follows:
- In 2023, TEGNA Inc's operating ROA was 8.58%, showing a decrease compared to the previous year.
- In 2022, the company achieved an operating ROA of 13.51%, marking a significant improvement from the prior year.
- In 2021, TEGNA Inc's operating ROA stood at 11.56%, slightly lower than the previous year.
- In 2020, the company's operating ROA was 12.57%, indicating a slight decline from the previous year.
- In 2019, TEGNA Inc recorded an operating ROA of 7.96%.
The fluctuations in TEGNA Inc's operating ROA indicate varying levels of efficiency in converting its assets into operating income over the years. Analysts would further investigate the reasons behind these fluctuations to assess the company's operational performance and asset utilization efficiency.
Peer comparison
Dec 31, 2023