Penn National Gaming Inc (PENN)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 6,578,100 | 6,362,900 | 6,401,700 | 5,905,000 | 3,578,700 |
| Property, plant and equipment | US$ in thousands | — | — | 4,515,500 | 9,435,200 | 4,529,300 |
| Fixed asset turnover | — | — | 1.42 | 0.63 | 0.79 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $6,578,100K ÷ $—K
= —
The fixed asset turnover ratio for Penn National Gaming Inc has shown fluctuations over the years. In 2020, the ratio was 0.79, indicating that the company generated $0.79 in revenue for every dollar invested in fixed assets. The ratio decreased to 0.63 in 2021, suggesting a decline in efficiency in utilizing fixed assets to generate revenue.
However, there was a significant improvement in 2022, with the fixed asset turnover ratio reaching 1.42, which indicates that the company generated $1.42 in revenue for each dollar invested in fixed assets. This increase could signify an enhancement in operational efficiency or better utilization of fixed assets during that period.
Unfortunately, there is missing data for 2023 and 2024, so it is challenging to analyze the trend further beyond 2022. It would be important to monitor future financial statements to determine if the improved efficiency seen in 2022 is sustained in the following years.
Peer comparison
Dec 31, 2024