Tegna Inc (TGNA)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 476,724 | 630,469 | 476,955 | 482,778 | 286,235 |
| Total assets | US$ in thousands | 7,000,060 | 7,328,900 | 6,917,650 | 6,848,700 | 6,953,980 |
| ROA | 6.81% | 8.60% | 6.89% | 7.05% | 4.12% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $476,724K ÷ $7,000,060K
= 6.81%
TEGNA Inc's return on assets (ROA) has fluctuated over the past five years, ranging from 4.12% in 2019 to 8.60% in 2022. In 2023, the ROA decreased to 6.81%. These figures indicate the company's ability to generate profits relative to its total assets. The trend shows a general level of stability in the company's ability to utilize its assets efficiently to generate profits. A higher ROA generally indicates more effective asset utilization, while a lower ROA may suggest inefficiencies or lower profitability. It is important for investors and analysts to monitor ROA trends over time to assess the company's operational efficiency and performance.
Peer comparison
Dec 31, 2023