PENN Entertainment (NAS:PENN) Receivables Turnover

: 12.73 (As of Dec. 2022)

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The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. PENN Entertainment's Revenue for the three months ended in Dec. 2022 was $1,586 Mil. PENN Entertainment's average Accounts Receivable for the three months ended in Dec. 2022 was $125 Mil. Hence, PENN Entertainment's Receivables Turnover for the three months ended in Dec. 2022 was 12.73.

PENN Entertainment Receivables Turnover Historical Data

The historical data trend for PENN Entertainment's Receivables Turnover 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

Receivables Turnover

71.11

136.81

113.43

209.03

101.53

PENN Entertainment Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Receivables Turnover																16.83	20.09	11.13	9.99	12.73

Competitive Comparison

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

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

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

PENN Entertainment Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

PENN Entertainment's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	6401.7	/ (	(32.8	+	93.3)	/	2 )
=	6401.7	/	63.05
=	101.53

PENN Entertainment's Receivables Turnover for the quarter that ended in Dec. 2022 is calculated as

	Receivables Turnover (Q: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2022 )	/ (	(Accounts Receivable (Q: Sep. 2022 )	+	Accounts Receivable (Q: Dec. 2022 ))	/	count )
=	1585.6	/ (	(155.8	+	93.3)	/	2 )
=	1585.6	/	124.55
=	12.73

PENN Entertainment (NAS:PENN) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

PENN Entertainment Receivables Turnover 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 » Receivables Turnover

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