Tegna Inc (TGNA)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 2,704,870 | 3,071,720 | 2,519,910 | 2,058,100 | 1,590,380 |
| ROE | 17.62% | 20.52% | 18.93% | 23.46% | 18.00% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $476,724K ÷ $2,704,870K
= 17.62%
TEGNA Inc's return on equity (ROE) has exhibited some fluctuations over the past five years. In 2023, the ROE stood at 17.62%, representing a decrease from the previous year's level of 20.52%. This downward trend follows a similar pattern observed in 2021 when the ROE was 18.93%, down from 23.46% in 2020. However, it is worth noting that in 2019, TEGNA Inc achieved an ROE of 18.00%, which was slightly lower than 2021 but higher than the latest figure in 2023.
Overall, the ROE figures indicate a variation in the company's ability to generate profits from its shareholders' equity over the years. The declining trend observed in recent years may raise concerns regarding TEGNA Inc's efficiency in utilizing its equity to generate returns. Further analysis, including investigating the reasons behind the fluctuations in ROE, would be necessary to assess the company's financial performance comprehensively.
Peer comparison
Dec 31, 2023