Penn National Gaming Inc (PENN)

Days of inventory on hand (DOH)

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Inventory turnover		—	—	—	—	18.23	336.68	115.91	107.98	34.23	32.48	26.25	24.99	23.79	24.46	23.52	16.59	18.05	42.75	41.09	—
DOH	days	—	—	—	—	20.03	1.08	3.15	3.38	10.66	11.24	13.90	14.61	15.34	14.92	15.52	22.01	20.22	8.54	8.88	—

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —

The Days of Inventory on Hand (DOH) ratio for Penn National Gaming Inc has fluctuated over the past several quarters, indicating varying efficiency in managing its inventory levels.

From June 2020 to December 2021, the company experienced an upward trend in DOH, peaking at 22.01 days in March 2021. This suggests that Penn National Gaming may have been holding a higher level of inventory relative to its sales during this period.

Subsequently, from March 2022 to September 2023, there was a significant decrease in the DOH ratio, reaching as low as 1.08 days in September 2023. This sharp decline indicates that the company was operating with a more efficient inventory management system during this time frame.

However, there was a notable spike in the DOH ratio to 20.03 days in December 2023, reflecting a potential inventory management issue or a change in business operations leading to an accumulation of inventory.

As of December 2024, the DOH ratio data is not available, which leaves uncertainty regarding the company's recent inventory management performance.

Overall, it is essential for Penn National Gaming Inc to consistently monitor and optimize its inventory levels to strike a balance between having enough inventory to meet demand and avoiding excess holding costs.