Penn National Gaming Inc (PENN)

Total 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
Total assets US$ in thousands 15,261,700 15,514,500 15,538,000 15,614,400 16,064,200 16,168,600 17,028,000 17,040,000 17,502,100 17,535,100 17,880,800 18,071,100 16,872,100 15,748,700 15,078,200 14,888,200 14,667,300 14,812,000 14,321,500 13,938,400
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

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $6,578,100K ÷ $15,261,700K
= 0.43

Total asset turnover for Penn National Gaming Inc has shown a declining trend from 0.37 in March 2020 to 0.43 in December 2024. This indicates that the company generated $0.37 of revenue for every $1 of total assets in March 2020, and this ratio increased to $0.43 by December 2024. Generally, a higher total asset turnover ratio suggests that a company is more efficient in generating revenue from its assets. Despite fluctuations, the trend shows an overall improvement in asset utilization efficiency over the period analyzed.