Churchill Downs Incorporated (CHDN)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 50.58% | 34.43% | 34.34% | 32.45% | 32.32% | 32.18% | 32.16% | 32.18% | 31.30% | 30.60% | 30.60% | 28.24% | 27.93% | 27.47% | 27.35% | 21.34% | 18.36% | 16.82% | 14.83% | 24.06% |
| Operating profit margin | 26.10% | 25.95% | 25.98% | 23.04% | 22.91% | 22.73% | 24.63% | 25.62% | 26.72% | 25.67% | 22.99% | 20.01% | 17.81% | 18.03% | 17.47% | 10.53% | 5.71% | 3.88% | 1.88% | 13.37% |
| Pretax margin | 20.96% | 20.74% | 21.02% | 18.24% | 22.82% | 20.45% | 21.83% | 37.86% | 33.64% | 39.28% | 39.89% | 21.37% | 21.51% | 20.30% | 18.96% | 8.40% | 0.76% | -0.08% | -3.38% | 10.92% |
| Net profit margin | 15.57% | 15.41% | 15.61% | 13.72% | 16.95% | 15.15% | 16.28% | 27.58% | 24.28% | 28.43% | 28.52% | 15.58% | 15.60% | 14.76% | 14.06% | -1.99% | -7.77% | -8.99% | -12.04% | 7.78% |
Based on the provided data, we can evaluate the profitability ratios of Churchill Downs Incorporated over various quarters.
1. Gross Profit Margin: The gross profit margin shows the percentage of revenue that exceeds the cost of goods sold. We observe a positive trend from March 31, 2020, to December 31, 2024, with the margin increasing from 24.06% to 50.58%. This indicates an improvement in the company's ability to generate profit after accounting for direct costs.
2. Operating Profit Margin: The operating profit margin reflects the proportion of revenue left after deducting operating expenses. Churchill Downs Incorporated experienced fluctuations in this ratio, with a notable increase from June 30, 2020, to June 30, 2024, reaching a peak of 25.98%. This suggests efficiency in managing operating costs and maximizing operational profitability.
3. Pretax Margin: The pretax margin measures the percentage of income remaining after accounting for all expenses. The trend shows an increase over time, peaking at 39.89% on June 30, 2022. This indicates the company's ability to generate higher profits before tax expenses, reflecting strong financial performance.
4. Net Profit Margin: The net profit margin indicates the portion of revenue that translates into net income. Despite some fluctuations, the trend shows improvement, reaching 15.57% by December 31, 2024. This implies effective cost management and revenue generation, resulting in higher bottom-line profitability.
In summary, Churchill Downs Incorporated has shown positive trends in its profitability ratios over the analyzed period, with improvements in gross profit, operating profit, pretax profit, and net profit margins. These trends suggest effective cost control, operational efficiency, and overall financial health.
Return on investment
| 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 return on assets (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% |
| Return on assets (ROA) | 5.85% | 5.74% | 5.69% | 4.84% | 6.00% | 5.34% | 5.42% | 8.81% | 7.08% | 10.31% | 10.52% | 8.40% | 8.35% | 7.50% | 6.89% | -0.80% | -3.05% | -2.91% | -3.84% | 3.20% |
| Return on total capital | 72.35% | 69.53% | 73.06% | 83.08% | 92.91% | 83.19% | 81.89% | 134.88% | 137.10% | 127.27% | 129.31% | 137.35% | 131.42% | 107.82% | 104.79% | 73.94% | 23.97% | 19.56% | 11.59% | 49.05% |
| Return on equity (ROE) | 39.29% | 37.53% | 39.61% | 41.36% | 46.70% | 40.59% | 41.78% | 78.53% | 79.67% | 78.62% | 80.63% | 80.27% | 81.19% | 65.79% | 64.49% | -11.08% | -22.31% | -25.52% | -38.55% | 23.67% |
Churchill Downs Incorporated's profitability ratios show a positive trend over the periods analyzed. The Operating Return on Assets (Operating ROA) has been increasing steadily from 5.50% on March 31, 2020, to 9.81% on December 31, 2024. This indicates the company's ability to generate profits from its operational activities.
Similarly, the Return on Assets (ROA) has shown improvement, moving from negative percentages in 2020 to positive values, reaching 5.85% on December 31, 2024. This signifies an enhancement in the company's efficiency in utilizing its assets to generate profits.
The Return on Total Capital has also depicted a positive trajectory, peaking at 137.35% on March 31, 2022, before slightly decreasing to 72.35% on December 31, 2024. This ratio highlights the company's capability to generate returns relative to the total capital employed, although there was a slight decline in the later periods.
Lastly, the Return on Equity (ROE) has shown a consistent improvement over the periods, with a notable increase from -38.55% on June 30, 2020, to 39.29% on December 31, 2024. This indicates enhanced profitability for the company's shareholders.
Overall, Churchill Downs Incorporated's profitability ratios demonstrate a positive and improving trend, reflecting the company's effective utilization of assets and capital to generate returns for both operations and shareholders.