Penn National Gaming Inc (PENN)
Return on total capital
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 129,200 | -124,900 | -977,900 | -906,900 | -103,200 | 475,700 | 1,468,700 | 1,564,000 | 1,004,000 | 867,500 | 869,900 | 964,500 | 941,100 | 944,100 | 987,500 | 530,400 | -237,600 | -362,700 | -434,800 | -122,765 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Return on total capital | 4.51% | -4.08% | -32.00% | -29.50% | -3.22% | 13.66% | 34.88% | 37.45% | 27.91% | 23.98% | 23.09% | 24.40% | 22.97% | 30.73% | 33.38% | 19.24% | -8.95% | -13.77% | -28.87% | -9.60% |
December 31, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $129,200K ÷ ($—K + $2,862,700K)
= 4.51%
Penn National Gaming Inc's return on total capital has shown fluctuations over the period indicated. The company experienced negative returns in the first half of 2020, reaching its lowest point in June 2020 at -28.87%. However, there was a notable improvement by March 2021 when the return on total capital turned positive at 19.24%. Subsequently, the company's performance continued to strengthen, reaching a peak in March 2023 with a return of 37.45%.
Despite the positive trend up to March 2023, there was a notable decline in the return on total capital in the following quarters, particularly in the second half of 2024. This decline resulted in negative returns in the latter part of 2024, with the return on total capital improving slightly by the end of December 2024 to 4.51%.
Overall, Penn National Gaming Inc's return on total capital has shown volatility but with periods of significant improvement and decline. It is important for investors and stakeholders to monitor these fluctuations in order to assess the company's utilization of its capital and its overall financial performance.
Peer comparison
Dec 31, 2024