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 Average Total Inventories for the quarter that ended in Dec. 2023 was $11 Mil. PENN Entertainment's Revenue for the
three
months ended in Dec. 2023 was $1,395 Mil.
PENN Entertainment's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.01.
PENN Entertainment's Inventory-to-Revenue for the quarter that ended in Dec. 2023
declined
from Sep. 2023 (0.01) to Sep. 2023 (0.01)
A decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:
1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.
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
three
months ended in Dec. 2023 was 0.96.
Inventory Turnover measures how fast the company turns over its inventory within a year.
PENN Entertainment's Inventory Turnover for the quarter that ended in Dec. 2023 was 94.58.
PENN Entertainment Inventory-to-Revenue Historical Data
The historical data trend for PENN Entertainment's Inventory-to-Revenue 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.
Competitive Comparison of PENN Entertainment's Inventory-to-Revenue
For the Resorts & Casinos subindustry, PENN Entertainment's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue 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's Inventory-to-Revenue Distribution in the Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, PENN Entertainment's Inventory-to-Revenue distribution charts can be found below:
* The bar in red indicates where PENN Entertainment's Inventory-to-Revenue falls into.
PENN Entertainment Inventory-to-Revenue Calculation
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 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) Inventory-to-Revenue Explanation
An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:
1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.
Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:
1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.
More Related Terms:
1. 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
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.
PENN Entertainment Inventory-to-Revenue Related Terms
Thank you for viewing the detailed overview of PENN Entertainment's Inventory-to-Revenue 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.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
PENN has been successfully added to your 