Days Inventory is also known as Days Sales of Inventory (DSI). PENN Entertainment's Average Total Inventories for the
three
months ended in Dec. 2023 was $11 Mil. PENN Entertainment's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $1,078 Mil.
Hence, PENN Entertainment's Days Inventory for the
three
months ended in Dec. 2023 was 0.96.
The historical rank and industry rank for PENN Entertainment's Days Inventory or its related term are showing as below:
PENN'
s Days Inventory Range Over the Past 10 Years
Min: 0 Med: 0 Max: 2.41
Current: 2.41
During the past 13 years, PENN Entertainment's highest Days Inventory was 2.41. The lowest was 0.00. And the median was 0.00.
PENN's Days Inventory is ranked better than 89.51% of 667
companies
in the Travel & Leisure industry
Industry Median: 36.02
vs PENN: 2.41
PENN Entertainment's Days Inventory
increased
from Dec. 2022 (0.00) to Dec. 2023 (0.96).
It might indicate that PENN Entertainment's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
PENN Entertainment's Inventory Turnover for the
three
months ended in Dec. 2023 was 94.58.
Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
PENN Entertainment's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.01.
PENN Entertainment Days Inventory Historical Data
The historical data trend for PENN Entertainment's Days Inventory can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Resorts & Casinos subindustry, PENN Entertainment's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
PENN Entertainment Days Inventory Distribution
For the Travel & Leisure industry and Consumer Cyclical sector, PENN Entertainment's Days Inventory distribution charts can be found below:
* The bar in red indicates where PENN Entertainment's Days Inventory falls into.
PENN Entertainment Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
PENN Entertainment's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
PENN Entertainment (NAS:PENN) Days Inventory Explanation
Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:
1. Inventory Turnover measures how fast the company turns over its inventory within a year.
PENN Entertainment's Inventory Turnover for the
three
months ended in Dec. 2023 is calculated as
2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
PENN Entertainment's Inventory to Revenue for the
three
months ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Be Aware
A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.
PENN Entertainment Days Inventory Related Terms
Thank you for viewing the detailed overview of PENN Entertainment's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
PENN Entertainment (PENN Entertainment) Business Description
Penn Entertainment's origins date back to its 1972 racetrack opening in Pennsylvania. Today, Penn operates 43 properties across 20 states and 12 brands (such as Hollywood Casino and Ameristar), with land-based casinos representing 90% of total sales in 2022 (10% was from the interactive segment, which includes sports, iGaming, and media revenue). The retail portfolio generates high-30% EBITDAR margins and helps position the company to obtain licenses for the digital wagering markets. Additionally, Penn's media assets, theScore and ESPN (starting with its partnership launch Nov. 14, 2023), provide access to sports betting/iGaming technology and clientele, helping it form a leading digital position.
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