Penn National Gaming Inc (PENN)
Inventory 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 4,387,900 | 4,454,700 | 4,599,000 | 4,377,600 | 4,112,000 | 3,838,200 | 3,824,900 | 3,746,900 | 3,631,600 | 3,631,100 | 3,486,500 | 3,355,600 | 3,148,000 | 2,739,900 | 2,455,600 | 1,861,000 | 1,868,000 | 2,115,900 | 2,346,400 | 2,903,226 |
| Inventory | US$ in thousands | — | — | — | — | 225,600 | 11,400 | 33,000 | 34,700 | 106,100 | 111,800 | 132,800 | 134,300 | 132,300 | 112,000 | 104,400 | 112,200 | 103,500 | 49,500 | 57,100 | 0 |
| 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 | — |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $4,387,900K ÷ $—K
= —
The inventory turnover ratio of Penn National Gaming Inc has shown fluctuations over the past few years. The company's inventory turnover was at a high of 336.68 for the quarter ending September 30, 2023, indicating that the company sold and replaced its inventory multiple times within that period. This suggests efficient management of inventory.
However, the inventory turnover ratio dropped significantly in the following quarter ending December 31, 2023, to 18.23, indicating a slower rate of inventory turnover. This may be attributed to various factors such as changes in demand, inventory management practices, or external market conditions.
Subsequently, for the quarters ending March 31, 2024, June 30, 2024, September 30, 2024, and December 31, 2024, the inventory turnover ratio was not provided (\u2014). This lack of data makes it challenging to assess the company's inventory management efficiency during this period.
Overall, while Penn National Gaming Inc has experienced fluctuations in its inventory turnover ratios, which may suggest varying levels of efficiency in managing its inventory, a more comprehensive analysis would be required to understand the underlying reasons behind these fluctuations and their impact on the company's operations and financial performance.
Peer comparison
Dec 31, 2024
Dec 31, 2024