Penn National Gaming Inc (PENN)

Fixed asset turnover

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Revenue US$ in thousands 6,362,900 6,401,700 5,905,000 3,578,700 5,301,400
Property, plant and equipment US$ in thousands 3,514,000 4,515,500 4,582,200 4,529,300 5,120,200
Fixed asset turnover 1.81 1.42 1.29 0.79 1.04

December 31, 2023 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $6,362,900K ÷ $3,514,000K
= 1.81

Fixed asset turnover measures how efficiently a company generates revenue from its investment in fixed assets. PENN Entertainment Inc's fixed asset turnover has been fluctuating over the past five years, ranging from 0.79 to 1.81. The trend indicates an improvement in the company's ability to generate revenue from its fixed assets, with a significant increase from 2020 to 2023. This suggests that PENN Entertainment Inc has been utilizing its fixed assets more efficiently in recent years to generate sales. However, it is essential to further investigate the reasons behind these fluctuations to evaluate the effectiveness of the company's asset management strategies.


Peer comparison

Dec 31, 2023