Tegna Inc (TGNA)

Operating return on assets (Operating ROA)

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
Operating income (ttm) US$ in thousands 784,784 655,258 560,023 699,762 735,757 918,027 1,015,628 955,050 990,632 871,830 850,922 815,423 802,216 986,448 1,002,799 892,374 870,982 654,060 533,192 600,907
Total assets US$ in thousands 7,326,520 7,198,600 7,089,330 7,104,660 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
Operating ROA 10.71% 9.10% 7.90% 9.85% 10.51% 12.76% 14.27% 12.92% 13.52% 12.24% 12.22% 11.90% 11.60% 14.23% 14.65% 13.01% 12.72% 9.42% 7.70% 8.72%

December 31, 2024 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $784,784K ÷ $7,326,520K
= 10.71%

Operating ROA measures the efficiency with which Tegna Inc generates operating income from its assets. Looking at the trend over the past few years, we see some fluctuations.

The Operating ROA started at 8.72% in March 2020 and decreased slightly to 7.70% by June 2020. However, there was a notable improvement in the following quarters, with the metric reaching 14.65% by June 2021, indicating a more effective utilization of assets to generate operating income.

Subsequently, there were fluctuations in the Operating ROA, with values ranging from 11.60% to 14.27% until June 2023. After this period, there was a decline in the metric to 7.90% by June 2024, before recovering to 10.71% by December 2024.

Overall, Tegna Inc's Operating ROA demonstrates a mix of performance levels over the years, highlighting the importance of effectively managing assets to drive operating profitability. Further analysis may be needed to understand the factors contributing to the fluctuations in the Operating ROA during the period.