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.