Penn Common Stock Total Equity vs Other Current Assets Analysis
PENN Stock | USD 15.85 0.23 1.43% |
Penn National financial indicator trend analysis is much more than just breaking down Penn National Gaming prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Penn National Gaming is a good investment. Please check the relationship between Penn National Common Stock Total Equity and its Other Current Assets accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Penn National Gaming. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
Common Stock Total Equity vs Other Current Assets
Common Stock Total Equity vs Other Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Penn National Gaming Common Stock Total Equity account and Other Current Assets. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Penn National's Common Stock Total Equity and Other Current Assets is 0.51. Overlapping area represents the amount of variation of Common Stock Total Equity that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Penn National Gaming, assuming nothing else is changed. The correlation between historical values of Penn National's Common Stock Total Equity and Other Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock Total Equity of Penn National Gaming are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Common Stock Total Equity i.e., Penn National's Common Stock Total Equity and Other Current Assets go up and down completely randomly.
Correlation Coefficient | 0.51 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Common Stock Total Equity
The total value of common stock equity held by shareholders, representing their ownership interest in the company.Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.Most indicators from Penn National's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Penn National Gaming current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Penn National Gaming. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. As of the 13th of May 2024, Selling General Administrative is likely to grow to about 1.6 B, while Tax Provision is likely to drop (8.6 M).
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 2.8B | 2.8B | 1.9B | 1.0B | Total Revenue | 5.9B | 6.4B | 6.4B | 6.7B |
Penn National fundamental ratios Correlations
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Penn National Account Relationship Matchups
High Positive Relationship
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Penn National fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 14.2B | 14.7B | 16.9B | 17.5B | 16.1B | 16.9B | |
Short Long Term Debt Total | 11.3B | 11.2B | 11.6B | 12.9B | 2.8B | 3.6B | |
Other Current Liab | 147.1M | 137.4M | 201M | 770.8M | 382.2M | 401.3M | |
Total Current Liabilities | 905.6M | 860M | 1.1B | 1.2B | 1.5B | 1.6B | |
Total Stockholder Equity | 1.9B | 2.7B | 4.1B | 3.6B | 3.2B | 3.4B | |
Property Plant And Equipment Net | 10.0B | 9.3B | 9.4B | 10.6B | 9.8B | 10.3B | |
Net Debt | 10.9B | 9.3B | 9.7B | 11.3B | 1.7B | 3.1B | |
Retained Earnings | 161.6M | (507.3M) | (86.5M) | 154.5M | (335.5M) | (318.7M) | |
Accounts Payable | 40.3M | 33.2M | 53.3M | 40.1M | 36.6M | 28.9M | |
Cash | 437.4M | 1.9B | 1.9B | 1.6B | 1.1B | 1.1B | |
Non Current Assets Total | 13.6B | 12.6B | 14.6B | 15.5B | 14.4B | 15.1B | |
Non Currrent Assets Other | (75.9M) | 171.6M | 74M | 159M | 69.7M | 130.9M | |
Cash And Short Term Investments | 437.4M | 1.9B | 1.9B | 1.6B | 1.1B | 1.1B | |
Net Receivables | 88.7M | 96.4M | 195M | 246.4M | 319M | 335.0M | |
Common Stock Shares Outstanding | 117.8M | 134M | 175.5M | 176.6M | 152.1M | 97.6M | |
Liabilities And Stockholders Equity | 14.2B | 14.7B | 16.9B | 17.5B | 16.1B | 16.9B | |
Non Current Liabilities Total | 11.4B | 11.2B | 11.6B | 12.7B | 11.4B | 11.9B | |
Other Current Assets | 40M | 31.3M | 32.4M | 36.9M | 42.6M | 40.4M | |
Other Stockholder Equity | 1.7B | 3.1B | 4.2B | 3.6B | 3.7B | 3.8B | |
Total Liab | 12.3B | 12.0B | 12.8B | 13.9B | 12.9B | 13.5B | |
Property Plant And Equipment Gross | 10.0B | 9.3B | 4.6B | 14.0B | 12.3B | 12.9B | |
Total Current Assets | 642.8M | 2.1B | 2.2B | 2.0B | 1.7B | 1.7B | |
Short Term Debt | 234M | 251.7M | 281.4M | 313.9M | 431.5M | 453.1M | |
Intangible Assets | 2.0B | 1.5B | 1.9B | 1.7B | 1.6B | 1.7B | |
Common Stock Total Equity | 1.2M | 1.2M | 1.6M | 1.7M | 2.0M | 2.1M | |
Common Stock | 1.2M | 1.2M | 1.6M | 1.7M | 1.8M | 971.5K | |
Other Assets | 106.4M | 133M | 157M | 161.2M | 185.4M | 218.9M | |
Long Term Debt | 2.3B | 2.2B | 2.6B | 2.7B | 2.7B | 2.0B | |
Good Will | 1.3B | 1.2B | 2.8B | 2.7B | 2.7B | 1.4B | |
Property Plant Equipment | 5.1B | 4.5B | 9.4B | 4.5B | 5.2B | 2.8B | |
Current Deferred Revenue | 484.2M | 437.7M | 597.5M | 33.9M | 639.7M | 671.7M | |
Other Liab | 342.6M | 245.7M | 318.1M | 151.8M | 174.6M | 129.1M | |
Net Tangible Assets | (1.4B) | (37.5M) | 320.5M | 888.8M | 799.9M | 839.9M | |
Noncontrolling Interest In Consolidated Entity | (800K) | (400K) | (700K) | (1.1M) | (990K) | (940.5K) | |
Retained Earnings Total Equity | 161.6M | (507.3M) | (86.5M) | 154.5M | 139.1M | 146.0M | |
Long Term Debt Total | 2.3B | 2.2B | 2.6B | 2.7B | 3.1B | 2.7B | |
Capital Surpluse | 1.7B | 3.2B | 4.2B | 4.2B | 4.9B | 5.1B | |
Inventory | 76.7M | 103.5M | 132.3M | 106.1M | 225.6M | 113.9M |
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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Penn National Gaming. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.
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Is Penn National's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Penn National. If investors know Penn will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Penn National listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 2.089 | Earnings Share (7.33) | Revenue Per Share 41.493 | Quarterly Revenue Growth (0.04) | Return On Assets 0.0068 |
The market value of Penn National Gaming is measured differently than its book value, which is the value of Penn that is recorded on the company's balance sheet. Investors also form their own opinion of Penn National's value that differs from its market value or its book value, called intrinsic value, which is Penn National's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Penn National's market value can be influenced by many factors that don't directly affect Penn National's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Penn National's value and its price as these two are different measures arrived at by different means. Investors typically determine if Penn National is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Penn National's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.