Tegna Inc (TGNA)
Operating return on assets (Operating ROA)
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 733,545 | 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 | 559,018 | 635,336 | 682,787 | 694,110 |
| Total assets | US$ in thousands | 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 | 6,953,980 | 6,902,240 | 5,412,690 | 5,323,750 |
| Operating ROA | 10.48% | 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% | 8.04% | 9.20% | 12.61% | 13.04% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $733,545K ÷ $7,000,060K
= 10.48%
Operating return on assets (operating ROA) is a key financial ratio that indicates how efficiently a company is generating operating profit from its assets. TEGNA Inc's operating ROA has shown a decreasing trend over the past quarters, with values of 8.58% in Q4 2023, 10.91% in Q3 2023, 12.40% in Q2 2023, and 12.91% in Q1 2023. This decline may suggest potential challenges in maintaining profitability relative to the company's asset base.
Comparing the latest operating ROA in Q4 2023 to the same period in the previous year (Q4 2022), there is a notable decrease from 13.51% to 8.58%. This decline indicates a reduction in the efficiency of utilizing assets to generate operating income. It is important for investors and stakeholders to further investigate the reasons behind this deterioration in operating ROA to assess the company's financial health and operational performance.
Overall, TEGNA Inc's operating ROA performance reflects a downward trajectory, signaling the necessity for management to focus on improving operational efficiency and profitability in relation to the company's asset utilization.
Peer comparison
Dec 31, 2023