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0 -0.000806451612903256 -5.37634408600897E-06 0.000537634408602044 0.00672043010752688 0.00456989247311832 0.00618279569892465 0.00806451612903218
Stock impact report

The Returns At TEGNA (NYSE:TGNA) Aren't Growing [Yahoo! Finance]

TEGNA Inc (TGNA) 
Last tegna inc earnings: 2/11 08:01 am Check Earnings Report
US:NYSE Investor Relations: investors.tegna.com
Company Research Source: Yahoo! Finance
Amongst other things, we'll want to see two things; firstly, a growing return on capital employed (ROCE) and secondly, an expansion in the company's amount of capital employed. Ultimately, this demonstrates that it's a business that is reinvesting profits at increasing rates of return. However, after briefly looking over the numbers, we don't think TEGNA NYSE:TGNA ) has the makings of a multi-bagger going forward, but let's have a look at why that may be. For those that aren't sure what ROCE is, it measures the amount of pre-tax profits a company can generate from the capital employed in its business. Analysts use this formula to calculate it for TEGNA: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.099 = US$663m ÷ (US$7.2b - US$467m) (Based on the trailing twelve months to September 2024) Thus, TEGNA has an ROCE of 9.9%. On its own, that's a low figure but it's around the 9.4% average generated by the Media indust Show less Read more
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