GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Churchill Downs Inc (FRA:CHR) » Definitions » Scaled Net Operating Assets

Churchill Downs (FRA:CHR) Scaled Net Operating Assets : 0.81 (As of Mar. 2024)


View and export this data going back to 2019. Start your Free Trial

What is Churchill Downs Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Churchill Downs's operating assets for the quarter that ended in Mar. 2024 was €6,364 Mil. Churchill Downs's operating liabilities for the quarter that ended in Mar. 2024 was €1,208 Mil. Churchill Downs's Total Assets for the quarter that ended in Dec. 2023 was €6,378 Mil. Therefore, Churchill Downs's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.81.


Churchill Downs Scaled Net Operating Assets Historical Data

The historical data trend for Churchill Downs's Scaled Net Operating Assets 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 Scaled Net Operating Assets Chart

Churchill Downs Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.12 0.69 0.80 1.80 0.87

Churchill Downs Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Scaled Net Operating Assets 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 0.79 0.80 0.85 0.81 0.81

Competitive Comparison of Churchill Downs's Scaled Net Operating Assets

For the Gambling subindustry, Churchill Downs's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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's Scaled Net Operating Assets Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Churchill Downs's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Churchill Downs's Scaled Net Operating Assets falls into.



Churchill Downs Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Churchill Downs's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2023 )
=(Operating Assets (A: Dec. 2023 )-Operating Liabilities (A: Dec. 2023 ))/Total Assets (A: Dec. 2022 )
=(6245.687-1123.875)/5859.219
=0.87

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=6378.193 - 132.506
=6245.687

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=5558.762 - 4372.531 - 62.356
=1123.875

Churchill Downs's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2024 )
=(Operating Assets (Q: Mar. 2024 )-Operating Liabilities (Q: Mar. 2024 ))/Total Assets (Q: Dec. 2023 )
=(6364.008-1207.96)/6378.193
=0.81

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=6501.456 - 137.448
=6364.008

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=5740.708 - 4470.188 - 62.56
=1207.96

* 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 Scaled Net Operating Assets Related Terms

Thank you for viewing the detailed overview of Churchill Downs's Scaled Net Operating Assets provided by GuruFocus.com. Please click on the following links to see related term pages.


Churchill Downs (FRA:CHR) 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.