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PENN Entertainment Return-on-Tangible-Equity

: Negative Tangible Equity% (As of Jun. 2022)
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Return-on-Tangible-Equity is calculated as Net Income attributable to Common Stockholders divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. PENN Entertainment's annualized net income attributable to common stockholders for the quarter that ended in Jun. 2022 was $104 Mil. PENN Entertainment's average shareholder tangible equity for the quarter that ended in Jun. 2022 was $-816 Mil. Therefore, PENN Entertainment's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2022 was Negative Tangible Equity%.

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

PENN' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 78.92   Med: 78.92   Max: Negative Tangible Equity
Current: Negative Tangible Equity

During the past 13 years, PENN Entertainment's highest Return-on-Tangible-Equity was Negative Tangible Equity%. The lowest was 78.92%. And the median was 78.92%.

PENN's Return-on-Tangible-Equity is ranked better than
99.87% of 756 companies
in the Travel & Leisure industry
Industry Median: 2.22 vs PENN: Negative Tangible Equity

PENN Entertainment Return-on-Tangible-Equity Historical Data

The historical data trend for PENN Entertainment's Return-on-Tangible-Equity 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 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Return-on-Tangible-Equity
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Negative Tangible Equity Negative Tangible Equity Negative Tangible Equity - Negative Tangible Equity

PENN Entertainment Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
Return-on-Tangible-Equity Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 454.09 113.42 Negative Tangible Equity Negative Tangible Equity Negative Tangible Equity

Competitive Comparison

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

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

* The bar in red indicates where PENN Entertainment's Return-on-Tangible-Equity falls into.



PENN Entertainment Return-on-Tangible-Equity Calculation

PENN Entertainment's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2021 is calculated as

Return-on-Tangible-Equity=Net Income attributable to Common Stockholders/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2021 )  (A: Dec. 2020 )(A: Dec. 2021 )
=Net Income attributable to Common Stockholders/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2021 )  (A: Dec. 2020 )(A: Dec. 2021 )
=418.7/( (-14.4+-597.3 )/ 2 )
=418.7/-305.85
=Negative Tangible Equity %

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

Return-on-Tangible-Equity=Net Income attributable to Common Stockholders/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Jun. 2022 )  (Q: Mar. 2022 )(Q: Jun. 2022 )
=Net Income attributable to Common Stockholders/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Jun. 2022 )  (Q: Mar. 2022 )(Q: Jun. 2022 )
=104/( (-757.7+-874.9)/ 2 )
=104/-816.3
=Negative Tangible Equity %

* 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.

In the calculation of annual Return-on-Tangible-Equity, the net income attributable to common stockholders of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data, the net income attributable to common stockholders data used here is four times the quarterly (Jun. 2022) net income attributable to common stockholders data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


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

Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.


Be Aware

Net income attributable to common stockholders is used.

Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.


PENN Entertainment Return-on-Tangible-Equity Related Terms

Thank you for viewing the detailed overview of PENN Entertainment's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.


PENN Entertainment Business Description

PENN Entertainment logo
Traded in Other Exchanges
Address
825 Berkshire Boulevard, Suite 200, Wyomissing, PA, USA, 19610
Penn National Gaming Inc 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. It offers live sports betting at its properties in Indiana, Iowa, Mississippi, Nevada, Pennsylvania, and West Virginia.
Executives
Black Gupta Vimla director 825 BERKSHIRE BLVD. WYOMISSING PA 19610
Hendrix Felicia officer: EVP and CFO 825 BERKSHIRE BLVD. WYOMISSING PA 19610
George Todd officer: EVP, Operations 825 BERKSHIRE BLVD. WYOMISSING PA 19610
Kaplowitz Marla director 825 BERKSHIRE BLVD. WYOMISSING PA 19610
Labombard Christine officer: SVP and CAO 825 BERKSHIRE BOULEVARD WYOMISSING PA 19610
Naples Ronald J director 96 S. GEORGE STREET SUITE 500 YORK PA 17401
Scaccetti Jane director 3111 W ALLEGHENY AVE PHILADELPHIA PA 19132
Rogers Christopher Byron officer: EVP and Chief Strategy Officer 825 BERKSHIRE BLVD. WYOMISSING PA 19610
Ko Harper H. officer: EVP, CLO and Sec. 7250 S. TENAYA WAY SUITE 100 LAS VEGAS NV 89113
Williams David Edward officer: EVP and CFO 825 BERKSHIRE BOULEVARD WYOMISSING PA 19610
Reibstein Saul officer: EVP-Finance, CFO & Treasurer C/O VISHAY PRECISION GROUP, INC. 3 GREAT VALLEY PARKWAY, SUITE 150 MALVERN PA 19355
Sottosanti Carl officer: SVP,Gen Counsel & Secretary 825 BERKSHIRE BOULEVARD SUITE 200 WYOMISSING PA 19610
Snowden Jay A officer: EVP-Chief Operating Officer 825 BERKSHIRE BOULEVARD SUITE 200 WYOMISSING PA 19610
Fair William J officer: EVP - Chief Dev Officer 825 BERKSHIRE BOULEVARD SUITE 200 WYOMISSING PA 19610
Burke Desiree A. officer: V. P. and Chief Accounting Off 845 BERKSHIRE BOULEVARD SUITE 200 WYOMISSING PA 19610

PENN Entertainment Headlines

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