Churchill Downs Incorporated (CHDN)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 713,700 | 693,100 | 679,500 | 574,500 | 564,000 | 541,100 | 539,600 | 513,700 | 483,600 | 435,000 | 391,800 | 327,500 | 284,400 | 272,400 | 254,300 | 118,500 | 60,200 | 41,000 | 19,300 | 176,100 |
| 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 |
| Operating ROA | 9.81% | 9.66% | 9.48% | 8.13% | 8.11% | 8.02% | 8.20% | 8.19% | 7.79% | 9.31% | 8.48% | 10.78% | 9.54% | 9.16% | 8.56% | 4.25% | 2.24% | 1.26% | 0.60% | 5.50% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $713,700K ÷ $7,275,900K
= 9.81%
Operating return on assets (ROA) is a key financial ratio that measures a company's ability to generate earnings from its operating activities relative to its total assets. The operating ROA for Churchill Downs Incorporated has shown fluctuations over the reported periods, ranging from 0.60% to 10.78%.
The trend analysis of Churchill Downs Incorporated's operating ROA reveals a gradual increase from the initial reported figure of 0.60% as of June 30, 2020, to a peak of 10.78% as of March 31, 2022. This upward trajectory suggests an improvement in the company's ability to generate operating income in relation to its total assets during this period.
Although there were some fluctuations in the operating ROA figures over subsequent quarters, the ratio generally remained at healthy levels above 5%, indicating efficient utilization of assets to generate operating profits. The most recent reported operating ROA as of December 31, 2024, stood at 9.81%, reflecting the company's sustained operational performance.
Overall, the analysis suggests that Churchill Downs Incorporated has effectively managed its assets to drive operating profitability, as evidenced by the positive trend and relatively stable performance in operating ROA over the reported periods.