Churchill Downs Incorporated (CHDN)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,734,300 | 2,461,700 | 1,809,800 | 1,597,200 | 1,054,000 |
| Total assets | US$ in thousands | 7,275,900 | 6,955,500 | 6,206,800 | 2,981,600 | 2,686,400 |
| Total asset turnover | 0.38 | 0.35 | 0.29 | 0.54 | 0.39 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $2,734,300K ÷ $7,275,900K
= 0.38
Churchill Downs Incorporated's total asset turnover has shown fluctuations over the years. In 2020, the company had a total asset turnover of 0.39, indicating that for every dollar of total assets, the company generated $0.39 in revenue.
The total asset turnover increased to 0.54 in 2021, reflecting improved efficiency in utilizing its assets to generate sales. However, there was a notable decrease in 2022 with a total asset turnover of 0.29, suggesting a decline in asset utilization efficiency.
In 2023, there was a slight improvement with a total asset turnover of 0.35, indicating a modest recovery in asset efficiency. The ratio further increased to 0.38 in 2024, showing a potential trend towards better asset utilization.
Overall, Churchill Downs Incorporated's total asset turnover has varied, with some years showing improvements in asset utilization efficiency and others facing challenges. It is important for the company to continue monitoring and managing its asset turnover to ensure optimal utilization of resources.