Penn National Gaming Inc (PENN)
Activity ratios
Short-term
Turnover ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | — |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Working capital turnover | — | — | 189.30 | 114.07 | 37.65 | 12.41 | 12.89 | 161.56 | 7.49 | 7.02 | 6.45 | 6.26 | 5.42 | 2.73 | 3.12 | 2.67 | 2.92 | 3.08 | 5.03 | 11.26 |
Inventory Turnover:
- The inventory turnover ratio for Penn National Gaming Inc has shown some fluctuation over the years, with significant increases in the most recent periods.
- The ratio was relatively stable around 20-30 range from December 2020 to September 2022. However, there was a notable spike in activity from March 2023 onwards, reaching its peak at 336.68 by September 2023.
- The sudden increase in inventory turnover may indicate efficient management of inventory levels or changes in business operations.
Receivables Turnover:
- There is no data available for receivables turnover, suggesting that information on how quickly the company collects its outstanding receivables is not provided.
- Without this ratio, it is challenging to assess the effectiveness of the company's credit policies and collection procedures.
Payables Turnover:
- Similarly, there is no data available for payables turnover, which would have provided insights into how quickly the company pays off its trade payables.
- The absence of this ratio makes it challenging to evaluate Penn National Gaming Inc's management of trade credit and vendor relationships.
Working Capital Turnover:
- The working capital turnover ratio of Penn National Gaming Inc has shown a significant variation over the period under consideration.
- There was a general decreasing trend in the ratio from March 2020 to December 2022, suggesting a decline in the efficiency of the company in generating revenue from its working capital.
- However, there were significant spikes in the ratio in March 2023, June 2024, and September 2024, indicating possible improvements in operational efficiency or changes in the company's working capital management strategy.
Average number of days
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | — | — | — | — | 20.03 | 1.08 | 3.15 | 3.38 | 10.66 | 11.24 | 13.90 | 14.61 | 15.34 | 14.92 | 15.52 | 22.01 | 20.22 | 8.54 | 8.88 | — |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Based on the data provided for Penn National Gaming Inc, let's analyze the activity ratios:
1. Days of Inventory on Hand (DOH):
- The days of inventory on hand measure how many days, on average, a company holds onto its inventory before selling it.
- The trend for DOH for Penn National Gaming Inc shows fluctuation over the period, ranging from a low of 1.08 days to a high of 22.01 days.
- A lower DOH indicates that the company is selling its inventory quickly, which can be positive as it signifies efficient inventory management.
- The decreasing trend in DOH from March 2023 to September 2024 indicates the company's improvement in inventory turnover efficiency.
2. Days of Sales Outstanding (DSO):
- The days of sales outstanding ratio measure the average number of days it takes for a company to collect revenue after a sale has been made.
- The data provided does not have values for DSO, which may indicate that detailed information on accounts receivable is not available for analysis.
3. Number of Days of Payables:
- The number of days of payables ratio indicates the average number of days a company takes to pay its suppliers or vendors.
- The data provided does not have values for the number of days of payables, which may suggest that detailed information on accounts payable is not available for analysis.
In conclusion, based on the available data, it is observed that Penn National Gaming Inc has shown improvements in its inventory management efficiency as reflected by the decreasing trend in days of inventory on hand from 2023 to 2024. However, detailed information on accounts receivable and payables is needed to provide a comprehensive analysis of the company's overall activity ratios.
Long-term
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Total asset turnover | 0.43 | 0.41 | 0.40 | 0.40 | 0.40 | 0.41 | 0.39 | 0.38 | 0.37 | 0.36 | 0.35 | 0.34 | 0.35 | 0.34 | 0.33 | 0.25 | 0.24 | 0.26 | 0.29 | 0.37 |
The fixed asset turnover ratio for Penn National Gaming Inc has shown fluctuations over the years, starting at 1.08 in March 2020, declining to 0.54 in June 2021, and then increasing to 1.90 in June 2023. This ratio measures how efficiently the company is utilizing its fixed assets to generate revenue.
On the other hand, the total asset turnover ratio, which indicates how well the company is utilizing all its assets to generate revenue, has also fluctuated. It started at 0.37 in March 2020, decreased to 0.24 in December 2020, and then gradually increased to 0.40 by June 2024.
Overall, while the fixed asset turnover ratio has shown more significant variability, the total asset turnover ratio has displayed a more stable trend, indicating that the company is effectively utilizing its total assets to generate revenue over the years.