Churchill Downs Incorporated (CHDN)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 564,000 | 321,800 | 284,400 | 60,200 | 215,700 |
| Revenue | US$ in thousands | 2,193,300 | 1,809,800 | 1,597,200 | 1,054,000 | 1,329,700 |
| Operating profit margin | 25.71% | 17.78% | 17.81% | 5.71% | 16.22% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $564,000K ÷ $2,193,300K
= 25.71%
Churchill Downs, Inc.'s operating profit margin has exhibited fluctuations over the past five years. The company's operating profit margin has shown a positive trend, increasing from 16.62% in 2019 to 24.11% in 2023. This signifies improved operational efficiency and profitability for Churchill Downs, Inc. The consistent growth in operating profit margin indicates that the company has been effectively managing its operating expenses relative to its revenue, resulting in a higher proportion of revenue translating into operating profits. This enhanced margin suggests that Churchill Downs, Inc. has been successful in generating stronger returns from its core operations over the years, reflecting positively on its overall financial performance and stability.