Penn National Gaming Inc (PENN)
Fixed asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 6,578,100 | 6,304,500 | 6,284,700 | 6,296,500 | 6,362,900 | 6,553,100 | 6,558,700 | 6,510,800 | 6,401,700 | 6,388,600 | 6,275,400 | 6,194,300 | 5,905,000 | 5,359,900 | 4,977,800 | 3,737,500 | 3,578,700 | 3,892,500 | 4,117,300 | 5,134,890 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | — | 3,443,800 | 3,443,300 | 4,515,500 | 4,517,200 | 4,539,700 | 4,579,600 | 9,435,200 | 4,570,100 | 9,223,500 | 4,483,200 | 4,529,300 | 4,592,900 | 4,677,000 | 4,745,500 |
| Fixed asset turnover | — | — | — | — | — | — | 1.90 | 1.89 | 1.42 | 1.41 | 1.38 | 1.35 | 0.63 | 1.17 | 0.54 | 0.83 | 0.79 | 0.85 | 0.88 | 1.08 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $6,578,100K ÷ $—K
= —
The fixed asset turnover ratio for Penn National Gaming Inc measures how efficiently the company is generating revenue from its fixed assets. A higher ratio indicates that the company is utilizing its fixed assets more effectively to generate sales.
Based on the provided data:
- The fixed asset turnover ratio fluctuated over the period, ranging from a low of 0.54 on June 30, 2021, to a high of 1.90 on June 30, 2023.
- The ratio trended upwards from June 30, 2022, to June 30, 2023, indicating improved efficiency in generating revenue from fixed assets.
- The ratio of 1.89 on March 31, 2023, and 1.90 on June 30, 2023, suggests that the company was effectively utilizing its fixed assets during that period.
- The absence of data for the fixed asset turnover ratio beyond June 30, 2023, indicates that data for subsequent periods is not available for analysis.
Overall, the trend in the fixed asset turnover ratio for Penn National Gaming Inc shows variation over time, with periods of both improvement and decline in efficiency in generating revenue from fixed assets. It would be important to continue monitoring this ratio in future periods to assess the company's ongoing performance in this area.
Peer comparison
Dec 31, 2024