PENN Entertainment (BSP:P2EN34) Change In Receivables : R$-340 Mil (TTM As of Mar. 2024)

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What is PENN Entertainment Change In Receivables?

PENN Entertainment's change in receivables for the quarter that ended in Mar. 2024 was R$179 Mil. It means PENN Entertainment's Accounts Receivable declined by R$179 Mil from Dec. 2023 to Mar. 2024 .

PENN Entertainment's change in receivables for the fiscal year that ended in Dec. 2023 was R$-367 Mil. It means PENN Entertainment's Accounts Receivable increased by R$367 Mil from Dec. 2022 to Dec. 2023 .

PENN Entertainment's Accounts Receivable for the quarter that ended in Mar. 2024 was R$1,406 Mil.

Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed. PENN Entertainment's Days Sales Outstanding for the three months ended in Mar. 2024 was 16.03.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. PENN Entertainment's liquidation value for the three months ended in Mar. 2024 was R$-56,905 Mil.

PENN Entertainment Change In Receivables Historical Data

The historical data trend for PENN Entertainment's Change In Receivables 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.

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PENN Entertainment Change In Receivables Chart

PENN Entertainment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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110.82

-84.89

-465.40

-425.93

-366.51

PENN Entertainment Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial															161.99	-116.00	-83.46	-318.98	178.78

PENN Entertainment Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was R$-340 Mil.

PENN Entertainment (BSP:P2EN34) Change In Receivables Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

PENN Entertainment's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1405.798	/	8002.041	*	91
=	16.03

2. In Ben Graham's calculation of liquidation value, PENN Entertainment's accounts receivable are only considered to be worth 75% of book value:

PENN Entertainment's liquidation value for the quarter that ended in Mar. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	4499.747	-	62458.644	+	0.75 * 1405.798	+	0.5 * 0
=	-56,905

PENN Entertainment Change In Receivables Related Terms

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PENN Entertainment (BSP:P2EN34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » PENN Entertainment Inc (BSP:P2EN34) » Definitions » Change In Receivables

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Traded in Other Exchanges

PENN:USA 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.

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