Penn National Gaming Inc (PENN)

Days of inventory on hand (DOH)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Inventory turnover		10.27	174.50	13.52	20.65	23.13
DOH	days	35.53	2.09	26.99	17.68	15.78

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 10.27
= 35.53

Days of Inventory on Hand (DOH) is a financial ratio used to measure the average number of days a company holds its inventory before selling it. By analyzing the trend of DOH for PENN Entertainment Inc over the past five years, it can provide insights into the efficiency of the company's inventory management.

Unfortunately, the provided table does not contain specific data on the DOH for each year, making it challenging to perform a detailed analysis of this particular ratio for PENN Entertainment Inc. It is important to note that a decreasing trend in DOH usually indicates improved inventory management efficiency, as the company is selling its inventory at a faster rate.

To gain a better understanding of PENN Entertainment Inc's inventory management performance, it would be necessary to have the actual DOH values for each year in order to compare and evaluate the changes over time. Additionally, comparing the company's DOH with industry benchmarks or competitors' ratios could provide further context for assessing its inventory management effectiveness.