PENN Entertainment (NAS:PENN) Return-on-Tangible-Asset

: 0.64% (As of Dec. 2022)

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Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. PENN Entertainment's annualized Net Income for the quarter that ended in Dec. 2022 was $83 Mil. PENN Entertainment's average total tangible assets for the quarter that ended in Dec. 2022 was $13,096 Mil. Therefore, PENN Entertainment's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2022 was 0.64%.

The historical rank and industry rank for PENN Entertainment's Return-on-Tangible-Asset or its related term are showing as below:

PENN' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -17 Med: 1.04 Max: 12.88
Current: 1.71

During the past 13 years, PENN Entertainment's highest Return-on-Tangible-Asset was 12.88%. The lowest was -17.00%. And the median was 1.04%.

PENN's Return-on-Tangible-Asset is ranked better than
55.85% of 838 companies
in the Travel & Leisure industry
Industry Median: 0.64 vs PENN: 1.71

PENN Entertainment Return-on-Tangible-Asset Historical Data

The historical data trend for PENN Entertainment's Return-on-Tangible-Asset 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

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Return-on-Tangible-Asset

1.60

0.47

-5.85

3.48

1.76

PENN Entertainment Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Return-on-Tangible-Asset																1.43	1.62	0.78	3.75	0.64

Competitive Comparison

For the Resorts & Casinos subindustry, PENN Entertainment's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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.

Annual Data Quarterly Data

PENN Entertainment Return-on-Tangible-Asset Distribution

For the Travel & Leisure industry and Consumer Cyclical sector, PENN Entertainment's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where PENN Entertainment's Return-on-Tangible-Asset falls in comparison to its industry or sector. The grey bar indicates the Return-on-Tangible-Asset's extreme value range as defined by GuruFocus.

PENN Entertainment Return-on-Tangible-Asset Calculation

PENN Entertainment's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2022 is calculated as:

Return-on-Tangible-Asset	=	Net Income	/	( (Total Tangible Assets	+	Total Tangible Assets)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	Net Income	/	( (Total Assets - Intangible Assets	+	Total Assets - Intangible Assets)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	222.1	/	( (12177	+	13073.7)	/ 2 )
	=	222.1	/	12625.35
	=	1.76 %

PENN Entertainment's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2022 is calculated as:

Return-on-Tangible-Asset	=	Net Income	/	( (Total Tangible Assets	+	Total Tangible Assets)	/ count )
		(Q: Dec. 2022 )		(Q: Sep. 2022 )		(Q: Dec. 2022 )
	=	Net Income	/	( (Total Assets - Intangible Assets	+	Total Assets - Intangible Assets)	/ count )
		(Q: Dec. 2022 )		(Q: Sep. 2022 )		(Q: Dec. 2022 )
	=	83.2	/	( (13118.7	+	13073.7)	/ 2 )
	=	83.2	/	13096.2
	=	0.64 %

In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data, the Net Income data used here is four times the quarterly (Dec. 2022) net income data.

PENN Entertainment (NAS:PENN) Return-on-Tangible-Asset Explanation

Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.

Be Aware

Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).

Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.

PENN Entertainment Return-on-Tangible-Asset Related Terms

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PENN Entertainment (NAS:PENN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » PENN Entertainment Inc (NAS:PENN) » Definitions » Return-on-Tangible-Asset

Comparable Companies

Traded in Other Exchanges

PENN:Mexico PN1:Germany P2EN34:Brazil

Address

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

Website

http://www.pngaming.com

PENN Entertainment Inc provides integrated entertainment, sports content, and casino gaming experiences. It is the operator of gaming and racing properties and video gaming terminal operations in the U.S. It operates retail sports betting across the company's portfolio, as well as online sports betting, online social casino, bingo, and online casinos.

Executives

Gupta Vimla Black	director	825 BERKSHIRE BLVD., WYOMISSING PA 19610
Felicia Hendrix	officer: EVP and CFO	825 BERKSHIRE BLVD., WYOMISSING PA 19610
Todd George	officer: EVP, Operations	825 BERKSHIRE BLVD., WYOMISSING PA 19610
Marla Kaplowitz	director	825 BERKSHIRE BLVD., WYOMISSING PA 19610
Christine Labombard	officer: SVP and CAO	825 BERKSHIRE BOULEVARD, WYOMISSING PA 19610
Ronald J Naples	director	96 S. GEORGE STREET, SUITE 500, YORK PA 17401
Jane Scaccetti	director	3111 W ALLEGHENY AVE, PHILADELPHIA PA 19132
Christopher Byron Rogers	officer: EVP and Chief Strategy Officer	825 BERKSHIRE BLVD., WYOMISSING PA 19610
Harper H. Ko	officer: EVP, CLO and Sec.	7250 S. TENAYA WAY, SUITE 100, LAS VEGAS NV 89113
David Edward Williams	officer: EVP and CFO	825 BERKSHIRE BOULEVARD, WYOMISSING PA 19610
Saul Reibstein	officer: EVP-Finance, CFO & Treasurer	C/O VISHAY PRECISION GROUP, INC., 3 GREAT VALLEY PARKWAY, SUITE 150, MALVERN PA 19355
Carl Sottosanti	officer: SVP,Gen Counsel & Secretary	825 BERKSHIRE BOULEVARD, SUITE 200, WYOMISSING PA 19610
Jay A Snowden	officer: EVP-Chief Operating Officer	825 BERKSHIRE BOULEVARD, SUITE 200, WYOMISSING PA 19610
William J Fair	officer: EVP - Chief Dev Officer	825 BERKSHIRE BOULEVARD, SUITE 200, WYOMISSING PA 19610
Desiree A. Burke	officer: V. P. and Chief Accounting Off	845 BERKSHIRE BOULEVARD, SUITE 200, WYOMISSING PA 19610