Tegna Inc (TGNA)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 476,724 | 619,192 | 669,074 | 600,538 | 630,469 | 541,299 | 523,514 | 498,572 | 476,955 | 591,828 | 595,767 | 509,087 | 482,778 | 322,429 | 238,556 | 298,564 | 286,235 | 363,095 | 411,900 | 424,457 |
| 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 |
| ROA | 6.81% | 8.61% | 9.40% | 8.12% | 8.60% | 7.60% | 7.52% | 7.27% | 6.89% | 8.54% | 8.71% | 7.42% | 7.05% | 4.64% | 3.44% | 4.33% | 4.12% | 5.26% | 7.61% | 7.97% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $476,724K ÷ $7,000,060K
= 6.81%
TEGNA Inc's return on assets (ROA) has shown fluctuations over the past eight quarters. In Q4 2023, the ROA was 6.81%, followed by an increase to 8.61% in Q3 2023, and a further improvement to 9.40% in Q2 2023. However, the ROA dropped to 8.12% in Q1 2023. Comparing year-over-year performance, the ROA in Q4 2023 was slightly lower than the 8.60% recorded in the same quarter of 2022.
Overall, TEGNA Inc has maintained a relatively stable ROA above 7% in recent quarters, indicating the company's ability to generate profits from its assets. It is important for stakeholders to monitor the trend of ROA closely to assess the company's efficiency in utilizing its assets to generate earnings.
Peer comparison
Dec 31, 2023