Penn National Gaming Inc (PENN)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 6,578,100 | 6,362,900 | 6,401,700 | 5,905,000 | 3,578,700 |
| Total assets | US$ in thousands | 15,261,700 | 16,064,200 | 17,502,100 | 16,872,100 | 14,667,300 |
| Total asset turnover | 0.43 | 0.40 | 0.37 | 0.35 | 0.24 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $6,578,100K ÷ $15,261,700K
= 0.43
Penn National Gaming Inc's total asset turnover has shown an increasing trend over the years, indicating that the company is becoming more efficient in generating revenue from its total assets. The ratio has improved from 0.24 in December 2020 to 0.43 in December 2024. This suggests that the company is utilizing its assets more effectively to generate sales. A higher total asset turnover ratio is generally favorable as it indicates that the company is generating more revenue per dollar of assets invested. This improvement could be attributed to better management of assets, increased revenue generation, or a combination of both. Overall, the increasing total asset turnover ratio reflects positively on Penn National Gaming Inc's operational efficiency and financial performance.
Peer comparison
Dec 31, 2024