Churchill Downs Incorporated (CHDN)
Inventory turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 1,795,800 | 1,751,500 | 1,717,100 | 1,684,200 | 1,666,000 | 1,614,600 | 1,486,600 | 1,360,000 | 1,243,400 | 1,176,000 | 1,182,800 | 1,174,700 | 1,151,100 | 1,095,700 | 1,057,400 | 885,200 | 860,500 | 878,700 | 872,900 | 1,000,300 |
| Inventory | US$ in thousands | 11,600 | — | — | — | 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 |
| Inventory turnover | 154.81 | — | — | — | 21.55 | 25.51 | 22.15 | 21.42 | 16.60 | 0.74 | 0.74 | 17.93 | 17.90 | 15.52 | 15.28 | 18.44 | 16.05 | 15.26 | 17.53 | 22.94 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $1,795,800K ÷ $11,600K
= 154.81
The inventory turnover ratio for Churchill Downs Incorporated has shown some fluctuations over the past few years. The ratio indicates how efficiently the company is managing its inventory by measuring the number of times inventory is sold and replaced within a specific period.
From March 31, 2020, to June 30, 2022, the inventory turnover ranged from 22.94 to 0.74, showing a significant decline. This sharp decrease may suggest potential issues with inventory management or fluctuations in sales volume during this period.
However, from December 31, 2022, to March 31, 2024, the inventory turnover ratio has stabilized and improved, ranging between 16.60 and 154.81. The sudden spike in the ratio to 154.81 on December 31, 2024, may indicate a possible anomaly or irregularity in inventory turnover that requires further investigation.
Overall, Churchill Downs Incorporated's inventory turnover ratio has shown variability, reflecting fluctuations in sales and inventory management practices. It is essential for the company to closely monitor and analyze this ratio to ensure efficient inventory utilization and optimize operational performance.