Churchill Downs Incorporated (CHDN)
Gross profit margin
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 1,899,100 | 1,869,800 | 1,775,600 | 1,646,000 | 1,475,700 | 1,417,500 | 1,433,200 | 1,354,100 | 1,324,500 | 1,309,400 | 1,251,100 | 953,500 | 874,900 | 877,300 | 852,300 | 1,137,700 | 1,160,300 | 1,098,700 | 1,033,600 | 503,100 |
| Revenue (ttm) | US$ in thousands | 2,323,200 | 2,312,700 | 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 | 1,329,700 | 1,268,100 | 1,183,100 | 1,085,100 |
| Gross profit margin | 81.75% | 80.85% | 81.03% | 82.09% | 81.54% | 83.65% | 84.09% | 82.72% | 82.93% | 86.68% | 85.96% | 84.73% | 83.01% | 83.05% | 83.16% | 86.37% | 87.26% | 86.64% | 87.36% | 46.36% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,899,100K ÷ $2,323,200K
= 81.75%
Churchill Downs, Inc.'s gross profit margin has shown relatively stable performance over the past eight quarters, fluctuating in a narrow range between 28.24% to 32.32%. The company's ability to effectively manage its cost of goods sold and generate gross profit has been consistent, with the margins consistently above 30%. This indicates that Churchill Downs has been efficient in producing its goods and services while controlling production costs. Overall, the trend suggests that the company has maintained a healthy level of profitability at the gross profit level over the analyzed period.