Churchill Downs Incorporated (CHDN)
Operating return on assets (Operating ROA)
| 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 |
| Total assets | US$ in thousands | 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 | 2,981,600 | 3,263,000 | 3,216,000 | 3,203,800 | 2,551,000 | 2,562,500 | 2,588,500 | 2,478,500 |
| Operating ROA | 8.11% | 6.96% | 6.39% | 6.29% | 5.18% | 7.38% | 7.56% | 9.39% | 9.54% | 9.16% | 8.56% | 4.25% | 2.02% | 1.26% | 0.60% | 5.50% | 8.46% | 8.75% | 8.38% | 7.95% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $564,000K ÷ $6,955,500K
= 8.11%
The operating return on assets (operating ROA) for Churchill Downs, Inc. has shown a fluctuating trend over the past eight quarters. The company's operating ROA ranged from a low of 6.48% in Q4 2022 to a high of 10.47% in Q1 2022.
In the most recent quarter, Q4 2023, the operating ROA stood at 8.53%, indicating the company generated 8.53 cents of operating income for every dollar of assets it holds. This represents an improvement compared to the previous quarter's operating ROA of 8.35% in Q3 2023.
Overall, the operating ROA performance of Churchill Downs, Inc. suggests that the company has been effectively utilizing its assets to generate operating income, with some variability in performance seen over the quarters. Monitoring this ratio over time can provide insights into the company's operational efficiency and profitability.