Churchill Downs (XTER:CHR) Days Payable: 39.67 (As of Mar. 2026) — 38% Above Median


XTER:CHR Churchill Downs Inc XTER:CHR
62 GF Score
Price €75.50
GF Value €137.17
Valuation Possible Value Trap
! 4 Warning Signs
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What is Churchill Downs Days Payable?

Churchill Downs XTER:CHR -0.66% 62 Days Payable is 39.67 as of Mar. 2026, which is 38% above its 10-year median of 28.65. GuruFocus rates XTER:CHR with a GF Score™ of 62/100 and a GF Value™ of €137.17 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 781 Travel & Leisure companies, Churchill Downs ranks worse than 64.53% on this metric.

Churchill Downs's average Accounts Payable for the three months ended in Mar. 2026 was €173 Mil. Churchill Downs's Cost of Goods Sold for the three months ended in Mar. 2026 was €398 Mil. Hence, Churchill Downs's Days Payable for the three months ended in Mar. 2026 was 39.67.

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

XTER:CHR' s Days Payable Range Over the Past 10 Years
Min: 19.38   Med: 28.65   Max: 38.72
Current: 38.72

During the past 13 years, Churchill Downs's highest Days Payable was 38.72. The lowest was 19.38. And the median was 28.65.

XTER:CHR's Days Payable is ranked worse than
64.53% of 781 companies
in the Travel & Leisure industry
Industry Median: 56.32 vs XTER:CHR: 38.72

Churchill Downs's Days Payable increased from Mar. 2025 (39.61) to Mar. 2026 (39.67). It may suggest that Churchill Downs delayed paying its suppliers.


Churchill Downs Days Payable Historical Data

* Premium members only.

The historical data trend for Churchill Downs's Days Payable 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.

Churchill Downs Days Payable Chart

Churchill Downs Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 23.35 32.58 33.77 33.79 36.24

Churchill Downs Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Days Payable Get a 7-Day Free Trial 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 39.61 38.02 40.89 36.74 39.67

XTER:CHR vs : Days Payable Comparison

For the Gambling subindustry, Churchill Downs's Days Payable, along with its competitors' market caps and Days Payable 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 Payable vs Travel & Leisure Industry

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

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


XTER:CHR
62GF Score
Churchill Downs Inc XTER:CHR
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Churchill Downs Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Churchill Downs's Days Payable for the fiscal year that ended in Dec. 2025 is calculated as

Days Payable (A: Dec. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2024 ) + Accounts Payable (A: Dec. 2025 )) / count ) / Cost of Goods Sold (A: Dec. 2025 )*Days in Period
=( (172.187 + 157.392) / 2 ) / 1659.579*365
=164.7895 / 1659.579*365
=36.24

Churchill Downs's Days Payable for the quarter that ended in Mar. 2026 is calculated as:

Days Payable (Q: Mar. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2025 ) + Accounts Payable (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (157.392 + 188.57) / 2 ) / 397.9*365 / 4
=172.981 / 397.9*365 / 4
=39.67

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 39.67 mean?
Churchill Downs (XTER:CHR) has a Days Payable of 39.67 as of Mar. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Churchill Downs and its competitors. This is 38% above median its historical median of 28.65. Over the past decade, Churchill Downs' Days Payable has ranged from 19.38 to 38.72. According to the industry distribution chart, Churchill Downs ranks #504 out of 781 companies in the Travel & Leisure industry, placing it in the top 64.5%.
Is Churchill Downs' Days Payable too high?
Churchill Downs' current Days Payable of 39.67 is 38% above median its 10-year median of 28.65. Over the past 10 years, this metric has ranged from a low of 19.38 to a high of 38.72. The Travel & Leisure industry median Days Payable is 56.32. Churchill Downs' value of 39.67 is 29.6% below this industry median. Based on the distribution chart, Churchill Downs ranks #504 out of 781 companies in the Travel & Leisure industry, which is below the industry midpoint. Overall, Churchill Downs has a GF Score™ of 62/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Churchill Downs' Days Payable compare to ?
According to the Travel & Leisure industry distribution chart, Churchill Downs ranks #504 out of 781 companies for Days Payable. This places Churchill Downs in the lower half of its industry. The industry median Days Payable is 56.32. Churchill Downs' value of 39.67 is 29.6% below this benchmark. Historically, Churchill Downs' own Days Payable has ranged from 19.38 to 38.72 over the past decade. While the company's 10-year median is 28.65 vs. the industry median of 56.32, Churchill Downs has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Travel & Leisure company?
The median Days Payable among Travel & Leisure companies is 56.32, based on 781 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Churchill Downs's current Days Payable of 39.67 is 29.6% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Churchill Downs and its competitors. For the Travel & Leisure industry, the median Days Payable is 56.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Churchill Downs's current Days Payable is 39.67, which is 38% above median its own 10-year median of 28.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Churchill Downs stock overvalued right now?
Based on GuruFocus' analysis, Churchill Downs (XTER:CHR) is currently considered Possible Value Trap. The stock's GF Value™ is €137.17, compared to a current price of €75.50 — trading 45% below its estimated fair value. The current Days Payable is 39.67, which is 38% above median its 10-year median of 28.65 and 29.6% below the Travel & Leisure industry median of 56.32. Churchill Downs' overall GF Score™ is 62/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Churchill Downs (XTER:CHR), the current Days Payable is 39.67 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Churchill Downs (XTER:CHR) Overvalued in 2026?

Based on GuruFocus' analysis, Churchill Downs stock appears to be undervalued. The current stock price of €75.50 is trading 45% below its estimated GF Value™ of €137.17. GuruFocus considers Churchill Downs to be Possible Value Trap.

Key valuation signals for XTER:CHR:

  • Days Payable: 39.67 (38% above median its 10-year median of 28.65)
  • GF Value™: €137.17 vs. price of €75.50 (45% below fair value)
  • GF Score™: 62/100 with 4 warning signs
  • Industry Position: 29.6% below the Travel & Leisure median (#504 of 781)

No single metric tells the full story. See the XTER:CHR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Churchill Downs Business Description

Comparable Companies
Other Exchanges CHDN:USAC2HD34:Brazil
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, Wagering Services, and Gaming. The Live and Historical Racing segment includes live and historical pari-mutuel racing. The Wagering Services segment includes the revenue and expenses from pari-mutuel wagers through TwinSpires, companies retail and online sports betting business and Gaming segment includes revenue and expenses for the casino properties and associated racetracks that support the casino license. The Gaming segment generates revenue and expenses from slot machines, video lottery terminals, video poker, HRMs, ancillary food and beverage services, hotel services, commission on pari-mutuel wagering, and racing events.
62GF Score

Get the complete analysis for XTER:CHR

Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€75.50
Price
€137.17
GF Value