Churchill Downs Incorporated (CHDN)
Inventory turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 424,100 | 442,900 | 415,600 | 359,200 | 334,100 | 277,000 | 271,200 | 282,900 | 272,700 | 247,300 | 250,400 | 218,000 | 225,200 | 240,200 | 233,700 | 240,600 | 230,500 | 214,500 | 194,600 | 247,700 |
| Inventory | US$ in thousands | 77,300 | 63,300 | 67,100 | 63,500 | 74,900 | 1,582,600 | 1,589,300 | 65,500 | 64,300 | 70,600 | 69,200 | 48,000 | 53,600 | 57,600 | 49,800 | 43,600 | 46,300 | 44,000 | 42,800 | 37,700 |
| 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 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $424,100K ÷ $77,300K
= 5.49
To calculate the inventory turnover for Churchill Downs, Inc., I would need the cost of goods sold (COGS) and the average inventory for each quarter. Without this information provided in the table, it is not possible to compute the inventory turnover ratio. Inventory turnover is a critical metric that indicates how many times a company's inventory is sold and replaced over a specific period. It helps assess the efficiency of managing inventory and reflects the company's sales effectiveness.
Without the specific numerical data for COGS and inventory levels, analyzing Churchill Downs, Inc.'s inventory turnover for the mentioned quarters is not feasible. It is essential to have consistent access to both inventory and COGS figures to monitor trends and make informed interpretations regarding the company's inventory management efficiency.