Penn National Gaming Inc (PENN)
Cash conversion cycle
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | — | 18.56 | 10.66 | 15.34 | 20.22 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — |
| Cash conversion cycle | days | 0.00 | 18.56 | 10.66 | 15.34 | 20.22 |
December 31, 2024 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= — + — – —
= 0.00
The cash conversion cycle of Penn National Gaming Inc has shown fluctuations over the years. In December 2020, the company had a cash conversion cycle of 20.22 days, which decreased to 15.34 days by December 2021. Subsequently, the cash conversion cycle further improved to 10.66 days by December 2022. However, there was a slight increase in the cash conversion cycle to 18.56 days by December 2023. Notably, in December 2024, the cash conversion cycle was recorded as 0.00 days, indicating that the company was able to convert its cash into sales and then back into cash very quickly, potentially suggesting more efficient operations or improved working capital management strategies during that period. Overall, monitoring the cash conversion cycle trends provides insights into the company's ability to efficiently manage its operations and cash flow.
Peer comparison
Dec 31, 2024