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.