Penn National Gaming Inc (PENN)
Return on equity (ROE)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -311,500 | -536,300 | -1,224,400 | -1,119,200 | -490,100 | -111,200 | 737,100 | 684,800 | 222,100 | 246,300 | 208,900 | 381,500 | 420,800 | 386,900 | 442,700 | 29,600 | -670,000 | -773,600 | -871,600 | -605,653 |
| Total stockholders’ equity | US$ in thousands | 2,862,700 | 3,064,700 | 3,055,900 | 3,074,700 | 3,202,100 | 3,482,600 | 4,210,300 | 4,176,300 | 3,597,700 | 3,617,100 | 3,766,800 | 3,953,500 | 4,097,800 | 3,071,900 | 2,958,300 | 2,756,300 | 2,656,200 | 2,633,700 | 1,506,200 | 1,278,400 |
| ROE | -10.88% | -17.50% | -40.07% | -36.40% | -15.31% | -3.19% | 17.51% | 16.40% | 6.17% | 6.81% | 5.55% | 9.65% | 10.27% | 12.59% | 14.96% | 1.07% | -25.22% | -29.37% | -57.87% | -47.38% |
December 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $-311,500K ÷ $2,862,700K
= -10.88%
The return on equity (ROE) of Penn National Gaming Inc has shown significant fluctuations over the reported periods, ranging from negative percentages to positive percentages. The ROE was negative in most of the periods from March 31, 2020, to December 31, 2022, indicating that the company was not generating sufficient profits relative to its equity. However, starting from March 31, 2023, the ROE turned positive, reaching a peak of 17.51% by June 30, 2023.
Despite the improvement in the ROE in the mid-2023 periods, there was a decline in the subsequent quarters, with negative ROE figures reappearing by December 31, 2023. The trend of negative ROE continued into 2024, with the ROE ranging from -36.40% to -10.88% in the latter part of the year.
These fluctuations in ROE suggest a varying performance in generating returns for shareholders relative to the company's equity base. It is essential for investors and stakeholders to monitor the company's profitability and efficiency in utilizing its equity to create value over time.
Peer comparison
Dec 31, 2024