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Churchill Downs (Churchill Downs) Days Sales Outstanding

: 6.39 (As of Dec. 2023)
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Churchill Downs's average Accounts Receivable for the three months ended in Dec. 2023 was $39 Mil. Churchill Downs's Revenue for the three months ended in Dec. 2023 was $561 Mil. Hence, Churchill Downs's Days Sales Outstanding for the three months ended in Dec. 2023 was 6.39.

The historical rank and industry rank for Churchill Downs's Days Sales Outstanding or its related term are showing as below:

CHDN' s Days Sales Outstanding Range Over the Past 10 Years
Min: 1.61   Med: 3   Max: 15.16
Current: 6.04

During the past 13 years, Churchill Downs's highest Days Sales Outstanding was 15.16. The lowest was 1.61. And the median was 3.00.

CHDN's Days Sales Outstanding is ranked better than
90.12% of 800 companies
in the Travel & Leisure industry
Industry Median: 29.875 vs CHDN: 6.04

Churchill Downs's Days Sales Outstanding declined from Dec. 2022 (7.78) to Dec. 2023 (6.39).


Churchill Downs Days Sales Outstanding Historical Data

The historical data trend for Churchill Downs's Days Sales Outstanding can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Churchill Downs Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Sales Outstanding
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.74 3.26 1.61 2.03 4.08

Churchill Downs Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Days Sales Outstanding Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.78 7.45 6.69 5.56 6.39

Competitive Comparison

For the Gambling subindustry, Churchill Downs's Days Sales Outstanding, along with its competitors' market caps and Days Sales Outstanding data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Churchill Downs Days Sales Outstanding Distribution

For the Travel & Leisure industry and Consumer Cyclical sector, Churchill Downs's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Churchill Downs's Days Sales Outstanding falls into.



Churchill Downs Days Sales Outstanding Calculation

Days Sales Outstanding measures the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

Accounts Receivable can be measured by Days Sales Outstanding.

Churchill Downs's Days Sales Outstanding for the fiscal year that ended in Dec. 2023 is calculated as

Days Sales Outstanding (A: Dec. 2023 )
=Average Accounts Receivable /Revenue*Days in Period
=( (Accounts Receivable (A: Dec. 2022 ) + Accounts Receivable (A: Dec. 2023 )) / count ) / Revenue (A: Dec. 2023 )*Days in Period
=( (12.5 + 42.6) / 2 ) / 2461.7*365
=27.55 / 2461.7*365
=4.08

Churchill Downs's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

Days Sales Outstanding (Q: Dec. 2023 )
=Average Accounts Receivable /Revenue*Days in Period
=( (Accounts Receivable (A: Sep. 2023 ) + Accounts Receivable (A: Dec. 2023 )) / count ) / Revenue (A: Dec. 2023 )*Days in Period
=( (36 + 42.6) / 2 ) / 561.2*365 / 4
=39.3 / 561.2*365 / 4
=6.39

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Churchill Downs  (NAS:CHDN) Days Sales Outstanding Explanation

For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.


Churchill Downs Days Sales Outstanding Related Terms

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Churchill Downs (Churchill Downs) Business Description

Traded in Other Exchanges
Address
600 North Hurstbourne Parkway, Suite 400, Louisville, KY, USA, 40222
Churchill Downs Inc is a gaming entertainment, online wagering, and racing company. It operates through three business segments: Live and Historical Racing, TwinSpires, and Gaming. The Live and Historical Racing segment includes live and historical pari-mutuel racing. The TwinSpires segment includes the revenue and expenses for online horse racing and the online and retail sports betting and iGaming wagering business. The company generates more than half of its revenue from the Gaming segment includes revenue from casino properties and associated racetrack or jai alai facilities which support the casino license as applicable.
Executives
Maureen Adams officer: SVP, Gaming Operations 600 N. HURSTBOURNE PARKWAY, SUITE 400, LOUISVLLE KY 40222
Bradley K. Blackwell officer: SVP, General Counsel 600 N. HURSTBOURNE PARKWAY, SUITE 400, LOUISVILLE KY 40222
Andrea M Carter director 600 N. HURSTBOURNE PARKWAY, SUITE 400, LOUISVILLE KY 40222
Karole Lloyd director 1932 WYNNTON ROAD, COLUMBUS GA 31999
Paul C Varga director 850 DIXIE HIGHWAY, LOUISVILLE KY 40210
R Alex Rankin director 700 CENTRAL AVENUE, LOUISVILLE KY 40208
Robert L Fealy director 700 CENTRAL AVE, LOUISVILLE KY 40208
Bridgeman Ulysses L Jr director 7 SYLVAN WAY, PARSIPPANY NJ 07054
Marcia A Dall officer: EVP, and Chief Financial Offic 600 N. HURSTBOURNE PARKWAY, SUITE 400, LOUISVILLE KY 40222
Austin W. Miller officer: SVP, Gaming Operations 600 N. HURSTBOURNE PARKWAY, SUITE 400, LOUISVILLE KY 40222
Douglas C Grissom director THREE FIRST NATIONAL PLAZA STE 3800, CHICAGO IL 60602
William E Mudd officer: President and COO 700 CENTRAL AVENUE, LOUISVILLE KY 40208
Daniel P Harrington director 700 CENTRAL AVE, LOUISVILLE KY 40208
Richard L Duchossois director, 10 percent owner
Robert L Evans director, officer: President and CEO TENLANE FARM, 825 STEELE ROAD, VESAILLES KY 40383