Churchill Downs Incorporated (CHDN)
Payables 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 |
| Payables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,795,800K ÷ $—K
= —
The payables turnover ratio for Churchill Downs Incorporated is not available in the provided data for the period from March 31, 2020, to December 31, 2024. Payables turnover ratio is a financial metric that indicates how efficiently a company is managing its short-term liabilities and paying its suppliers. It measures the number of times a company pays off its accounts payable over a specific period.
Without the specific values for accounts payable and cost of goods sold, which are needed to calculate the payables turnover ratio, a detailed analysis of the trend or comparison with industry benchmarks cannot be performed. Payables turnover is important as it reflects the company's ability to effectively manage its working capital and supplier relationships.
In conclusion, the absence of data relating to Churchill Downs Incorporated's payables turnover ratio limits our ability to assess the efficiency of the company's payables management over the specified time frame.