PENN Entertainment (FRA:PN1) Days Payable

: 3.47 (As of Dec. 2023)

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PENN Entertainment's average Accounts Payable for the three months ended in Dec. 2023 was €38 Mil. PENN Entertainment's Cost of Goods Sold for the three months ended in Dec. 2023 was €989 Mil. Hence, PENN Entertainment's Days Payable for the three months ended in Dec. 2023 was 3.47.

The historical rank and industry rank for PENN Entertainment's Days Payable or its related term are showing as below:

FRA:PN1' s Days Payable Range Over the Past 10 Years
Min: 3.5 Med: 5.6 Max: 13.05
Current: 4.01

During the past 13 years, PENN Entertainment's highest Days Payable was 13.05. The lowest was 3.50. And the median was 5.60.

FRA:PN1's Days Payable is ranked worse than
96.94% of 751 companies
in the Travel & Leisure industry
Industry Median: 59.94 vs FRA:PN1: 4.01

PENN Entertainment's Days Payable declined from Dec. 2022 (4.18) to Dec. 2023 (3.47). It may suggest that PENN Entertainment accelerated paying its suppliers.

PENN Entertainment Days Payable Historical Data

The historical data trend for PENN Entertainment's Days Payable 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.

* Premium members only.

PENN Entertainment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

4.33

7.55

4.88

4.53

3.55

PENN Entertainment Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																4.18	4.05	4.61	4.52	3.47

Competitive Comparison

For the Resorts & Casinos subindustry, PENN Entertainment's Days Payable, along with its competitors' market caps and Days Payable 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 Payable Distribution

For the Travel & Leisure industry and Consumer Cyclical sector, PENN Entertainment's Days Payable distribution charts can be found below:

* The bar in red indicates where PENN Entertainment's Days Payable falls into.

PENN Entertainment Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

PENN Entertainment's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (37.854	+	33.562)	/	2 )	/	3668.733	*	365
=	35.708					/	3668.733	*	365
=	3.55

PENN Entertainment's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (41.697	+	33.562)	/	2 )	/	988.71	*	365 / 4
=	37.6295					/	988.71	*	365 / 4
=	3.47

PENN Entertainment Days Payable Related Terms

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PENN Entertainment (FRA:PN1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » PENN Entertainment Inc (FRA:PN1) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

PENN:USA PENN:Mexico PN1:Germany

Address

825 Berkshire Boulevard, Suite 200, Wyomissing, PA, USA, 19610

Website

https://www.pngaming.com

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.

PENN Entertainment (FRA:PN1) Headlines

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