Tegna (TGNA) Days Payable

: 21.66 (As of Dec. 2023)

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Tegna's average Accounts Payable for the three months ended in Dec. 2023 was $100 Mil. Tegna's Cost of Goods Sold for the three months ended in Dec. 2023 was $423 Mil. Hence, Tegna's Days Payable for the three months ended in Dec. 2023 was 21.66.

The historical rank and industry rank for Tegna's Days Payable or its related term are showing as below:

TGNA' s Days Payable Range Over the Past 10 Years
Min: 13.35 Med: 21.79 Max: 59.91
Current: 18.86

During the past 13 years, Tegna's highest Days Payable was 59.91. The lowest was 13.35. And the median was 21.79.

TGNA's Days Payable is ranked worse than
88.78% of 927 companies
in the Media - Diversified industry
Industry Median: 82.44 vs TGNA: 18.86

Tegna's Days Payable increased from Dec. 2022 (16.88) to Dec. 2023 (21.66). It may suggest that Tegna delayed paying its suppliers.

Tegna Days Payable Historical Data

The historical data trend for Tegna's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Tegna Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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20.08

13.35

14.96

16.08

20.30

Tegna Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															16.88	17.58	17.71	17.15	21.66

Competitive Comparison

For the Broadcasting subindustry, Tegna's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Tegna Days Payable Distribution

For the Media - Diversified industry and Communication Services sector, Tegna's Days Payable distribution charts can be found below:

* The bar in red indicates where Tegna's Days Payable falls into.

Tegna Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Tegna's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (76.212	+	114.95)	/	2 )	/	1718.857	*	365
=	95.581					/	1718.857	*	365
=	20.30

Tegna's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (85.902	+	114.95)	/	2 )	/	423.137	*	365 / 4
=	100.426					/	423.137	*	365 / 4
=	21.66

Tegna Days Payable Related Terms

Thank you for viewing the detailed overview of Tegna's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Tegna (TGNA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Tegna Inc (NYSE:TGNA) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

GTT:Germany GTT:Germany

Address

8350 Broad Street, Suite 2000, Tysons, VA, USA, 22102-5151

Website

https://www.tegna.com

Tegna Inc is a media company with a portfolio of broadcast stations and digital sites. The firm has around 64 television stations and 2 radio stations in approximately 51 U.S markets. The company owns multicast networks of True Crime Network, Twist and Quest. Each television station also has a robust digital presence across online, mobile, connected television and social platforms, reaching consumers on all devices and platforms they use to consume news content. It generates key revenue from advertising and marketing services, subscription, political advertising, and other services.

Executives

David T Lougee	officer: President, TEGNA Media	GANNETT CO., 7950 JONES BRANCH DRIVE, MCLEAN VA 22107
Lynn B. Trelstad	officer: EVP and COO - Media Operations	C/O TEGNA INC., 7950 JONES BRANCH DRIVE, MCLEAN VA 22107
Standard General L.p.	10 percent owner	767 FIFTH AVENUE, 12TH FLOOR, NEW YORK NY 10153
Soohyung Kim	10 percent owner	C/O STANDARD GENERAL L.P., 767 FIFTH AVENUE, 12TH FLOOR, NEW YORK NY 10153
Karen H. Grimes	director	TOLL BROTHERS, INC., 1140 VIRGINIA DRIVE, FORT WASHINGTON PA 19034
Neal Shapiro	director	GANNETT CO., INC., 7950 JONES BRANCH DRIVE, MCLEAN VA 22107
Akinyale S. Harrison	officer: SVP, General Counsel and Sec.	C/O TEGNA INC., 7950 JONES BRANCH DRIVE, MCLEAN VA 22107
Scott K Mccune	director	C/O GANNETT CO., INC., 7950 JONES BRANCH DRIVE, MCLEAN VA 22107
Gina L Bianchini	director	312 WALNUT STREET, SUITE 1800, CINCINNATI OH 45202
Stuart J. Epstein	director	C/O TEGNA INC., 7950 JONES BRANCH DRIVE, MCLEAN VA 22107
Melinda Witmer	director	C/O TEGNA INC., 7950 JONES BRANCH DRIVE, MCLEAN VA 22107
Mcclelland Clifton A. Iii	officer: VP, Cntlr. and Prin. Acc. Off.	C/O GANNETT CO., INC., 7950 JONES BRANCH DRIVE, MCLEAN VA 22107
Todd A. Mayman	officer: EVP, Chief Legal and Admin Off	C/O GANNETT CO., INC., 7950 JONES BRANCH DRIVE, MCLEAN VA 22107
William A. Behan	officer: SVP, Labor Relations	C/O GANNETT CO., INC., 7950 JONES BRANCH DRIVE, MCLEAN VA 22107
Howard D Elias	director	C/O EMC CORPORATION, 176 SOUTH STREET, HOPKINTON MA 01748