Penn National Gaming Inc (PENN)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 4,414,500 | 4,435,900 | 3,631,600 | 3,148,000 | 1,868,000 |
| Inventory | US$ in thousands | — | 225,600 | 106,100 | 132,300 | 103,500 |
| Inventory turnover | — | 19.66 | 34.23 | 23.79 | 18.05 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $4,414,500K ÷ $—K
= —
The inventory turnover of Penn National Gaming Inc has shown fluctuations over the past few years. It increased from 18.05 in December 31, 2020 to 23.79 in December 31, 2021, indicating more efficient management of inventory during that period.
The ratio further improved significantly to 34.23 by December 31, 2022, reflecting a faster rate of inventory turnover and potentially better inventory management practices. However, there was a decline in inventory turnover to 19.66 by December 31, 2023, suggesting a potential slowdown in inventory movement.
The most recent data point for December 31, 2024, is marked as "—", indicating that the inventory turnover figure for that period is not available. It is crucial for the company to ensure consistent and efficient management of inventory to control costs and optimize liquidity in the future.
Peer comparison
Dec 31, 2024