Penn National Gaming Inc (PENN)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -490,000 | 222,100 | 420,800 | -669,500 | 43,900 |
| Total assets | US$ in thousands | 16,064,200 | 17,502,100 | 16,872,100 | 14,667,300 | 14,194,500 |
| ROA | -3.05% | 1.27% | 2.49% | -4.56% | 0.31% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $-490,000K ÷ $16,064,200K
= -3.05%
The return on assets (ROA) for PENN Entertainment Inc has shown fluctuations over the past five years. In 2023, the ROA was -3.05%, indicating a negative return on assets, which may suggest inefficiency in utilizing the company's assets to generate profit. This represents a significant decline from the positive ROA of 1.27% in 2022 and 2.49% in 2021.
The negative ROA in 2020 at -4.56% signifies that the company incurred a loss in relation to its assets during that period. However, there was a slight improvement in 2019 with an ROA of 0.31%.
Overall, the trend in ROA for PENN Entertainment Inc highlights variability in its ability to generate profit relative to its asset base, suggesting the need for further analysis to understand the underlying reasons for these fluctuations.
Peer comparison
Dec 31, 2023