Churchill Downs Incorporated (CHDN)
Inventory turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 427,500 | 333,800 | 272,700 | 225,200 | 226,700 |
| Inventory | US$ in thousands | 77,300 | 74,900 | 64,300 | 53,600 | 46,300 |
| Inventory turnover | 5.53 | 4.46 | 4.24 | 4.20 | 4.90 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $427,500K ÷ $77,300K
= 5.53
To calculate Churchill Downs, Inc.'s inventory turnover for the years 2020-2023, we need the cost of goods sold (COGS) and the average inventory for each year. Given that the data for both COGS and inventory are not provided in the table, I am unable to compute the inventory turnover for the specified years. However, the inventory turnover ratio is a crucial metric that evaluates how efficiently a company manages its inventory. A higher inventory turnover ratio indicates that the company is selling its inventory quickly and efficiently, while a lower ratio may suggest slow-moving or excess inventory. It would be insightful to obtain the necessary financial data to further assess Churchill Downs, Inc.'s inventory turnover performance.