Tegna (FRA:GTT) Days Payable : 21.86 (As of Dec. 2023)

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What is Tegna Days Payable?

Tegna's average Accounts Payable for the three months ended in Dec. 2023 was €93 Mil. Tegna's Cost of Goods Sold for the three months ended in Dec. 2023 was €388 Mil. Hence, Tegna's Days Payable for the three months ended in Dec. 2023 was 21.86.

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

FRA:GTT' 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.

FRA:GTT's Days Payable is ranked worse than
88.77% of 926 companies
in the Media - Diversified industry
Industry Median: 82.14 vs FRA:GTT: 18.86

Tegna's Days Payable increased from Dec. 2022 (17.49) to Dec. 2023 (21.86). 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.

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Tegna Days Payable Chart

Tegna Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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19.79

13.94

14.49

15.59

20.53

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															17.49	17.67	17.82	17.02	21.86

Competitive Comparison of Tegna's Days Payable

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's Days Payable Distribution in the Media - Diversified Industry

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
=	( (71.944	+	105.409)	/	2 )	/	1576.192	*	365
=	88.6765					/	1576.192	*	365
=	20.53

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
=	( (80.49	+	105.409)	/	2 )	/	388.017	*	365 / 4
=	92.9495					/	388.017	*	365 / 4
=	21.86

Tegna Days Payable Related Terms

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Tegna (FRA:GTT) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

TGNA:USA 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.

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