Churchill Downs Incorporated (CHDN)
Payables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,795,800 | 1,666,000 | 1,243,400 | 1,151,100 | 860,500 |
| Payables | US$ in thousands | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
December 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $1,795,800K ÷ $—K
= —
Based on the provided data, the payables turnover ratio for Churchill Downs Incorporated is not available for the years ending December 31, 2020 to December 31, 2024. It appears that the company's payables turnover for this period is not disclosed or not applicable.
The payables turnover ratio is a measure of a company's efficiency in managing its trade payables. It indicates how many times during a period a company pays off its average accounts payable balance. A higher payables turnover ratio generally suggests that the company is paying its suppliers more quickly.
Without specific figures for the payables turnover ratio, it is challenging to assess Churchill Downs Incorporated's efficiency in managing its payables during the mentioned years. It is essential for investors and analysts to have access to this ratio to better understand the company's payment practices and financial health.