Tegna Inc (TGNA)

Return on assets (ROA)

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Net income (ttm) US$ in thousands 598,021 492,998 442,092 560,185 474,953 617,798 667,727 599,591 630,157 541,100 523,666 498,688 476,999 591,872 595,695 509,015 482,778 322,429 238,556 298,564
Total assets US$ in thousands 7,326,520 7,198,600 7,089,330 7,104,660 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
ROA 8.16% 6.85% 6.24% 7.88% 6.78% 8.59% 9.38% 8.11% 8.60% 7.60% 7.52% 7.28% 6.90% 8.54% 8.71% 7.42% 7.05% 4.64% 3.44% 4.33%

December 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $598,021K ÷ $7,326,520K
= 8.16%

Tegna Inc's return on assets (ROA) has exhibited fluctuations over the analyzed periods. The ROA ranged from a low of 3.44% in June 30, 2020, to a peak of 9.38% in June 30, 2023. Overall, the company's ROA has shown an upward trend from 2020 to 2023, indicating an improving ability to generate profit relative to its total assets. However, there was a slight decline in ROA in the last three quarters of 2023 and the first two quarters of 2024, with a recovery seen in the most recent quarter (December 31, 2024) at 8.16%.

The average ROA over the period suggests that Tegna Inc has been effectively utilizing its assets to generate profits, although the variations in the ratio point to potential fluctuations in the company's efficiency and profitability. Investors and stakeholders may want to further investigate the reasons behind these fluctuations to assess the sustainability of Tegna Inc's performance.