Penn National Gaming Inc (PENN)
Working capital 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 current assets | US$ in thousands | 1,154,400 | 1,659,000 | 2,013,400 | 2,223,600 | 2,085,000 |
| Total current liabilities | US$ in thousands | 1,415,100 | 1,490,000 | 1,158,700 | 1,133,200 | 860,000 |
| Working capital turnover | — | 37.65 | 7.49 | 5.42 | 2.92 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $6,578,100K ÷ ($1,154,400K – $1,415,100K)
= —
The working capital turnover ratio for Penn National Gaming Inc has shown a significant improvement over the past few years. As of December 31, 2020, the ratio stood at 2.92, indicating that the company generated $2.92 in revenue for every dollar of working capital invested.
By December 31, 2021, the ratio had increased to 5.42, suggesting a more efficient utilization of working capital to generate revenue. This trend continued into 2022, with the ratio jumping to 7.49, reflecting an even better performance in terms of working capital turnover.
The most notable increase came in December 31, 2023, where the working capital turnover ratio surged to 37.65, which indicates a remarkable improvement in efficiency and effectiveness in utilizing working capital to generate revenue.
Unfortunately, the data for December 31, 2024 is unavailable, denoted by "—" in the dataset provided. It would be beneficial to monitor future developments to assess the company's ongoing efficiency in managing its working capital.
Overall, the increasing trend in the working capital turnover ratio showcases Penn National Gaming Inc's ability to optimize its working capital resources efficiently to support its revenue generation activities.
Peer comparison
Dec 31, 2024