Churchill Downs Incorporated (CHDN)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 2.68 | 2.62 | 2.53 | 2.47 | 2.30 | 2.54 | 1.95 | 2.92 | 3.34 | 2.68 | 2.01 | 2.92 | 3.19 | 2.22 | 2.21 | 2.99 | 3.99 | 2.83 | 1.82 | 3.44 | |
| Number of days of payables | days | 136.41 | 139.28 | 144.21 | 147.65 | 158.96 | 143.76 | 187.21 | 125.02 | 109.22 | 136.38 | 181.48 | 125.07 | 114.59 | 164.42 | 165.24 | 122.27 | 91.53 | 128.98 | 201.07 | 106.24 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 2.68
= 136.41
To analyze Churchill Downs, Inc.'s number of days of payables, we observe a fluctuating trend over the past eight quarters. The number of days of payables has ranged from a low of 47.20 days in Q1 2022 to a high of 63.26 days in Q2 2022.
The company's most recent number of days of payables as of Q4 2023 stands at 47.59 days, showing a slight decrease compared to the previous quarter's 50.19 days in Q3 2023. This indicates that the company is taking approximately 47.59 days to pay its suppliers and vendors for goods and services purchased.
Overall, Churchill Downs, Inc. has been successful in efficiently managing its payables over the quarters, as demonstrated by the fluctuations within a reasonable range. The company's ability to effectively manage its payment terms with suppliers can have implications for its working capital management and relationships with stakeholders in the supply chain.