Penn National Gaming Inc (PENN)

Return on assets (ROA)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net income	US$ in thousands	-311,500	-490,000	222,100	420,800	-669,100
Total assets	US$ in thousands	15,261,700	16,064,200	17,502,100	16,872,100	14,667,300
ROA		-2.04%	-3.05%	1.27%	2.49%	-4.56%

December 31, 2024 calculation

ROA = Net income ÷ Total assets
= $-311,500K ÷ $15,261,700K
= -2.04%

Based on the data provided, Penn National Gaming Inc's Return on Assets (ROA) has varied over the years.

In December 2020, the company had a negative ROA of -4.56%, indicating that it generated a net loss relative to its total assets. However, by the end of December 2021, the company's ROA improved significantly to 2.49%, suggesting a positive trend of generating earnings from its assets.

The following year, in December 2022, the ROA slightly decreased to 1.27%, which may indicate a slight dip in profitability compared to the previous year.

By December 2023, Penn National Gaming Inc experienced a further decline in ROA to -3.05%, indicating a significant decrease in its ability to generate profits from its assets.

The trend continued in December 2024, with the ROA standing at -2.04%, showcasing persistent challenges in generating returns relative to its asset base.

Overall, the fluctuating ROA figures suggest that Penn National Gaming Inc's performance in utilizing its assets to generate profits has been inconsistent, with notable improvements in some years but challenges in others. It would be important for the company to address the factors affecting its ROA to enhance its financial performance and efficiency in asset utilization.