Tegna Inc (TGNA)

Return on assets (ROA)

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Net income US$ in thousands 599,818 476,724 629,909 477,001 481,830
Total assets US$ in thousands 7,326,520 7,000,060 7,328,900 6,917,650 6,848,700
ROA 8.19% 6.81% 8.59% 6.90% 7.04%

December 31, 2024 calculation

ROA = Net income ÷ Total assets
= $599,818K ÷ $7,326,520K
= 8.19%

Based on the provided data, Tegna Inc's return on assets (ROA) fluctuated over the years. The ROA was 7.04% as of December 31, 2020, slightly decreased to 6.90% by December 31, 2021, then increased significantly to 8.59% by December 31, 2022, followed by a decrease to 6.81% by December 31, 2023, and a subsequent increase to 8.19% by December 31, 2024.

The fluctuation in ROA indicates varying levels of efficiency in generating profits from its assets over the years. A higher ROA suggests that the company is more effective in generating profits relative to its assets, while a lower ROA may imply inefficiency in asset utilization. Tegna Inc should continue to monitor its ROA trend to ensure optimal utilization of its assets to maximize profitability.