Churchill Downs Incorporated (CHDN)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 5.49 | 7.00 | 6.19 | 5.66 | 4.46 | 0.18 | 0.17 | 4.32 | 4.24 | 3.50 | 3.62 | 4.54 | 4.20 | 4.17 | 4.69 | 5.52 | 4.98 | 4.88 | 4.55 | 6.57 | |
| DOH | days | 66.53 | 52.17 | 58.93 | 64.53 | 81.83 | 2,085.38 | 2,138.99 | 84.51 | 86.06 | 104.20 | 100.87 | 80.37 | 86.87 | 87.53 | 77.78 | 66.14 | 73.32 | 74.87 | 80.28 | 55.55 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.49
= 66.53
To analyze Churchill Downs, Inc.'s Days of Inventory on Hand (DOH) based on the provided data, I would need the actual values for the DOH for each quarter. Without these specific numbers, a detailed and comprehensive analysis of the trend in DOH over time and relative to industry benchmarks is not possible.
However, typically, a lower DOH indicates that the company is managing its inventory efficiently, as it suggests faster inventory turnover. Conversely, a higher DOH may indicate that the company is holding onto inventory for a longer period, which could tie up working capital and potentially lead to obsolescence or storage costs.
To provide a complete analysis and draw meaningful insights, the specific DOH values for each quarter should be provided for further evaluation and comparison.