Churchill Downs Incorporated (CHDN)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 564,000 | 469,500 | 420,200 | 394,300 | 321,800 | 344,800 | 349,400 | 285,100 | 284,400 | 272,400 | 254,300 | 118,500 | 60,200 | 41,000 | 19,300 | 176,100 | 215,700 | 224,200 | 216,900 | 197,100 |
| 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 |
| Operating profit margin | 24.28% | 20.30% | 19.18% | 19.66% | 17.78% | 20.35% | 20.50% | 17.42% | 17.81% | 18.03% | 17.47% | 10.53% | 5.71% | 3.88% | 1.88% | 13.37% | 16.22% | 17.68% | 18.33% | 18.16% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $564,000K ÷ $2,323,200K
= 24.28%
Based on the data provided, Churchill Downs, Inc.'s operating profit margin has shown a steady improvement over the quarters in the past year. The company's operating profit margin increased from 19.43% in Q1 2022 to 24.11% in Q4 2023. This indicates that the company's ability to generate profit from its core operations has been on an upward trend.
The consistent increase in the operating profit margin reflects efficient cost management and revenue generation strategies implemented by Churchill Downs, Inc. It suggests that the company has been able to control its operating expenses while increasing its revenues. This is a positive sign of improved operational efficiency and profitability for the company.
Overall, the trend in Churchill Downs, Inc.'s operating profit margin indicates a strengthening financial performance and effective management of its operating activities. It demonstrates that the company is effectively translating its revenues into profits, which is essential for sustainable growth and value creation for its stakeholders.