Tegna Inc (TGNA)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 2,704,870 | 2,960,540 | 2,904,160 | 3,151,260 | 3,071,720 | 2,878,260 | 2,741,720 | 2,618,850 | 2,519,910 | 2,419,710 | 2,258,960 | 2,139,340 | 2,058,100 | 1,799,540 | 1,675,310 | 1,658,260 | 1,590,380 | 1,521,700 | 1,479,740 | 1,405,250 |
| ROE | 17.62% | 20.91% | 23.04% | 19.06% | 20.52% | 18.81% | 19.09% | 19.04% | 18.93% | 24.46% | 26.37% | 23.80% | 23.46% | 17.92% | 14.24% | 18.00% | 18.00% | 23.86% | 27.84% | 30.21% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $476,724K ÷ $2,704,870K
= 17.62%
To analyze TEGNA Inc's return on equity (ROE) performance based on the data provided, we observed fluctuations in ROE over the past eight quarters.
The ROE has varied between 17.62% and 23.04% during this period. Overall, the ROE seems relatively stable, with no significant spikes or declines. The highest ROE was recorded in Q2 2023 at 23.04%, indicating that the company generated a solid return for its shareholders during that quarter.
However, the ROE dipped to 17.62% in Q4 2023, representing a slight decrease in profitability compared to the previous quarters. This may raise some concerns about the company's ability to efficiently utilize its equity to generate profits for shareholders during that period.
On average, the ROE has been around 19-20% over the past eight quarters, indicating that TEGNA Inc has been consistently delivering a decent return on equity. Investors typically look for companies with a stable and relatively high ROE as it reflects strong financial performance and effective management of resources.
In conclusion, while TEGNA Inc's ROE has shown some fluctuations, the company has generally maintained a satisfactory level of profitability and efficiency in utilizing its equity to generate returns for shareholders. Further analysis of the underlying factors driving these fluctuations could provide deeper insights into the company's overall financial health.
Peer comparison
Dec 31, 2023