Churchill Downs Incorporated (CHDN)
Return on equity (ROE)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 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 | 137,500 | 144,900 | 186,400 | 182,400 |
| Total stockholders’ equity | US$ in thousands | 893,600 | 888,700 | 853,800 | 704,200 | 551,500 | 612,700 | 602,900 | 317,800 | 306,800 | 338,800 | 317,400 | 202,200 | 367,100 | 372,200 | 320,100 | 433,000 | 508,300 | 550,400 | 553,300 | 456,900 |
| ROE | 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% | 27.05% | 26.33% | 33.69% | 39.92% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $417,300K ÷ $893,600K
= 46.70%
Churchill Downs, Inc.'s return on equity (ROE) has shown some fluctuations over the past quarters. In Q4 2023, the ROE stood at 46.70%, which was higher compared to the previous quarter (Q3 2023) where it was 40.59%. The ROE in Q4 2023 shows a solid performance, indicating that the company generated a profit of $46.70 for every $100 of shareholders' equity.
When comparing the latest ROE to the same quarter last year (Q4 2022), there has been a slight decline as the ROE was 79.67% in Q4 2022. It is worth noting that the ROE for the company was consistently high throughout 2022, with values ranging from 78.62% to 80.63%.
Overall, Churchill Downs, Inc.'s ROE has been fluctuating but generally remains at a high level, indicating that the company is efficiently using shareholders' equity to generate profits. However, it is essential to further analyze the company's financial performance and operations to understand the factors contributing to these fluctuations in ROE.