Churchill Downs Incorporated (CHDN)

Total asset 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
Revenue (ttm)	US$ in thousands	2,734,300	2,671,300	2,615,300	2,493,100	2,461,700	2,380,600	2,191,200	2,005,200	1,809,800	1,694,500	1,704,400	1,637,000	1,597,200	1,510,600	1,455,400	1,125,400	1,054,000	1,056,400	1,024,900	1,317,200
Total assets	US$ in thousands	7,275,900	7,172,500	7,170,100	7,066,800	6,955,500	6,750,500	6,578,600	6,273,500	6,206,800	4,674,100	4,619,600	3,036,900	2,981,600	2,973,500	2,970,600	2,787,100	2,686,400	3,263,000	3,216,000	3,203,800
Total asset turnover		0.38	0.37	0.36	0.35	0.35	0.35	0.33	0.32	0.29	0.36	0.37	0.54	0.54	0.51	0.49	0.40	0.39	0.32	0.32	0.41

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,734,300K ÷ $7,275,900K
= 0.38

Churchill Downs Incorporated's total asset turnover has fluctuated over the specified period, ranging from a low of 0.29 on December 31, 2022, to a high of 0.54 on both December 31, 2021, and March 31, 2022. On average, the company's total asset turnover is relatively modest, indicating that it generates revenue less efficiently relative to its total assets. Despite some variability, the trend shows a general increase in total asset turnover in recent quarters, with a notable improvement from June 30, 2024, to December 31, 2024. This may suggest enhanced operational efficiency and better utilization of assets in generating sales. However, further analysis of the company's operational and financial performance is recommended to fully understand the factors influencing its total asset turnover dynamics.