Churchill Downs Incorporated (CHDN)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 425,800 | 411,700 | 408,300 | 342,000 | 417,300 | 360,700 | 356,700 | 553,000 | 439,400 | 481,700 | 486,100 | 255,100 | 249,100 | 222,900 | 204,700 | -22,400 | -81,900 | -95,000 | -123,400 | 102,500 |
| 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 |
| 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% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $425,800K ÷ $7,275,900K
= 5.85%
Churchill Downs Incorporated's return on assets (ROA) has shown fluctuations over the past few quarters, indicating varying levels of profitability generated from its assets.
From March 2020 to June 2021, the ROA figures were mostly negative, reflecting that the company was not efficiently utilizing its assets to generate profits during that period. However, from June 2021 onwards, there has been a positive trend in the ROA, with the percentages consistently increasing.
The ROA improved significantly from June 2022 to December 2022, peaking at 10.52% in June 2022. This suggests that the company was able to generate higher returns relative to its assets during that period.
In the following quarters, the ROA figures exhibited some fluctuations but generally remained above 5%, indicating that Churchill Downs Incorporated was continuing to generate profits from its assets at a satisfactory level.
Overall, the trend in ROA shows an improvement in the company's efficiency in utilizing its assets to generate profits, with the most recent ROA figure of 5.85% in December 2024 indicating a positive trend in profitability relative to its asset base.