Churchill Invested Capital Average vs Invested Capital Analysis

CHDN Stock  USD 124.28  3.51  2.91%   
Trend analysis of Churchill Downs Incorporated balance sheet accounts such as Short Long Term Debt Total of 5.1 B, Other Current Liabilities of 478.9 M or Total Current Liabilities of 793.6 M provides information on Churchill Downs' total assets, liabilities, and equity, which is the actual value of Churchill Downs rporated to its prevalent stockholders. By breaking down trends over time using Churchill Downs balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Churchill Downs Incorporated. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment.

About Churchill Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of Churchill Downs rporated at a specified time, usually calculated after every quarter, six months, or one year. Churchill Downs Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Churchill Downs and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Churchill currently owns. An asset can also be divided into two categories, current and non-current.

Churchill Downs Balance Sheet Chart

Churchill Downs Balance Sheet is one of the main financial statements that report all assets, liabilities, and shareholders' equity for the current year. It provides a basis for different types of computing rates of return, such as return on equity (ROE) or return on asset (ROA), as well as shows how Churchill Downs rporated uses and utilizes its capital. It also shows what exactly a company owns and owes.
At this time, Churchill Downs' Net Debt is very stable compared to the past year. As of the 28th of March 2024, Retained Earnings is likely to grow to about 939.2 M, though Non Currrent Assets Other are likely to grow to (71.8 M).

Total Assets

Total assets refers to the total amount of Churchill Downs assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Churchill Downs rporated books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Total Current Liabilities

Total Current Liabilities is an item on Churchill Downs balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Churchill Downs Incorporated are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
Most indicators from Churchill Downs' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Churchill Downs rporated current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Churchill Downs Incorporated. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment.
As of the 28th of March 2024, Selling General Administrative is likely to grow to about 212.4 M, though Discontinued Operations is likely to grow to (104.2 M).
 2021 2022 2023 2024 (projected)
Gross Profit446.1M566.4M795.7M835.5M
Total Revenue1.6B1.8B2.5B2.6B

Churchill Downs fundamental ratios Correlations

0.990.850.860.570.980.990.830.960.541.0-0.140.540.77-0.160.990.78-0.321.00.970.780.190.440.97-0.51-0.5
0.990.80.80.460.981.00.760.960.570.99-0.150.570.7-0.291.00.73-0.341.00.980.760.180.420.96-0.57-0.56
0.850.80.940.50.780.80.760.750.460.840.040.460.75-0.010.810.85-0.260.840.760.730.050.430.76-0.55-0.54
0.860.80.940.670.810.80.840.810.410.86-0.010.410.790.140.80.88-0.20.840.780.720.340.420.8-0.38-0.37
0.570.460.50.670.560.470.850.580.030.580.00.030.630.610.470.560.170.50.50.390.350.370.550.190.2
0.980.980.780.810.560.980.810.980.530.98-0.230.530.7-0.20.970.71-0.320.970.990.740.240.40.95-0.49-0.48
0.991.00.80.80.470.980.760.960.540.99-0.150.540.69-0.291.00.72-0.340.990.980.740.180.420.97-0.56-0.56
0.830.760.760.840.850.810.760.780.30.830.070.30.730.20.760.76-0.020.780.760.630.210.480.76-0.34-0.33
0.960.960.750.810.580.980.960.780.540.96-0.170.540.73-0.120.950.69-0.230.950.980.760.340.490.94-0.41-0.4
0.540.570.460.410.030.530.540.30.540.51-0.141.00.55-0.240.570.49-0.390.570.610.89-0.040.330.41-0.53-0.52
1.00.990.840.860.580.980.990.830.960.51-0.140.510.76-0.170.990.78-0.320.990.970.760.20.430.97-0.5-0.49
-0.14-0.150.04-0.010.0-0.23-0.150.07-0.17-0.14-0.14-0.140.040.15-0.16-0.220.77-0.14-0.22-0.01-0.130.6-0.23-0.16-0.17
0.540.570.460.410.030.530.540.30.541.00.51-0.140.55-0.240.570.49-0.390.570.610.89-0.040.330.41-0.53-0.52
0.770.70.750.790.630.70.690.730.730.550.760.040.550.230.730.79-0.180.750.70.850.060.530.65-0.26-0.25
-0.16-0.29-0.010.140.61-0.2-0.290.2-0.12-0.24-0.170.15-0.240.23-0.280.060.43-0.24-0.25-0.030.190.19-0.210.660.66
0.991.00.810.80.470.971.00.760.950.570.99-0.160.570.73-0.280.74-0.371.00.980.780.140.420.96-0.57-0.56
0.780.730.850.880.560.710.720.760.690.490.78-0.220.490.790.060.74-0.480.770.710.730.080.180.72-0.43-0.42
-0.32-0.34-0.26-0.20.17-0.32-0.34-0.02-0.23-0.39-0.320.77-0.39-0.180.43-0.37-0.48-0.36-0.33-0.280.140.47-0.350.320.32
1.01.00.840.840.50.970.990.780.950.570.99-0.140.570.75-0.241.00.77-0.360.980.780.160.430.96-0.56-0.55
0.970.980.760.780.50.990.980.760.980.610.97-0.220.610.7-0.250.980.71-0.330.980.780.240.40.95-0.49-0.48
0.780.760.730.720.390.740.740.630.760.890.76-0.010.890.85-0.030.780.73-0.280.780.780.040.550.64-0.51-0.51
0.190.180.050.340.350.240.180.210.34-0.040.2-0.13-0.040.060.190.140.080.140.160.240.040.070.250.250.26
0.440.420.430.420.370.40.420.480.490.330.430.60.330.530.190.420.180.470.430.40.550.070.31-0.28-0.28
0.970.960.760.80.550.950.970.760.940.410.97-0.230.410.65-0.210.960.72-0.350.960.950.640.250.31-0.4-0.39
-0.51-0.57-0.55-0.380.19-0.49-0.56-0.34-0.41-0.53-0.5-0.16-0.53-0.260.66-0.57-0.430.32-0.56-0.49-0.510.25-0.28-0.41.0
-0.5-0.56-0.54-0.370.2-0.48-0.56-0.33-0.4-0.52-0.49-0.17-0.52-0.250.66-0.56-0.420.32-0.55-0.48-0.510.26-0.28-0.391.0
Click cells to compare fundamentals

Churchill Downs Account Relationship Matchups

Churchill Downs fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.6B2.7B3.0B6.2B7.0B7.3B
Short Long Term Debt Total1.5B1.6B2.0B4.6B4.8B5.1B
Other Current Liab196.9M316.7M258.7M390.1M456.1M478.9M
Total Current Liabilities301.2M424.2M395M621.6M755.8M793.6M
Total Stockholder Equity508.3M367.1M306.8M551.5M893.6M938.3M
Property Plant And Equipment Net937.3M1.1B994.9M2.0B2.6B2.7B
Net Debt1.4B1.6B1.7B4.5B4.7B4.9B
Retained Earnings509.2M349.8M307.7M552.4M894.5M939.2M
Accounts Payable57.8M70.7M81.6M145.5M158.5M166.4M
Cash96.2M67.4M291.3M129.8M144.5M151.7M
Non Current Assets Total2.3B2.5B2.5B5.9B6.6B6.9B
Non Currrent Assets Other(3.3M)(39.6M)74.2M54.8M(75.6M)(71.8M)
Cash And Short Term Investments96.2M67.4M291.3M129.8M144.5M151.7M
Net Receivables51.8M85.9M108.3M95.5M119.5M125.5M
Common Stock Shares Outstanding81.2M80.2M78.4M77M76.1M86.1M
Liabilities And Stockholders Equity2.6B2.7B3.0B6.2B7.0B7.3B
Non Current Liabilities Total1.7B1.9B2.3B5.0B5.3B5.6B
Other Current Assets26.9M28.2M37.6M44.3M59.5M62.5M
Other Stockholder Equity649.5M100K2.8M(900K)(1.0M)(983.3K)
Total Liab2.0B2.3B2.7B5.7B6.1B6.4B
Property Plant And Equipment Gross937.3M1.1B1.7B2.8B3.5B3.7B
Total Current Assets221.2M235.1M501.5M344.5M400.8M420.8M
Inventory46.3M53.6M64.3M74.9M77.3M40.8M
Intangible Assets369.8M350.6M348.1M2.4B2.4B2.5B
Other Liab247.7M276.8M286.5M433.8M498.9M523.8M
Long Term Debt1.1B1.1B1.3B2.5B4.8B5.0B
Property Plant Equipment912.5M1.1B994.9M2.0B2.3B2.4B
Current Deferred Revenue42.5M32.8M47.7M39M73.2M62.5M
Other Assets21.1M653M106.7M109M125.4M146.6M
Good Will338M367.1M366.8M723.8M899.9M944.9M
Net Tangible Assets(228.6M)(350.3M)(408.1M)(2.6B)(2.3B)(2.2B)
Retained Earnings Total Equity509.2M349.8M307.7M552.4M635.3M496.9M
Long Term Debt Total1.1B1.1B1.3B2.5B2.8B3.0B
Deferred Long Term Liab212.8M213.9M252.9M340.8M391.9M411.5M
Non Current Liabilities Other440.1M593.4M734.5M2.2B137.8M130.9M

Churchill Downs Investors Sentiment

The influence of Churchill Downs' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Churchill. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Churchill Downs' public news can be used to forecast risks associated with an investment in Churchill. The trend in average sentiment can be used to explain how an investor holding Churchill can time the market purely based on public headlines and social activities around Churchill Downs Incorporated. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Churchill Downs' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Churchill Downs' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Churchill Downs' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Churchill Downs.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Churchill Downs in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Churchill Downs' short interest history, or implied volatility extrapolated from Churchill Downs options trading.

Pair Trading with Churchill Downs

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Churchill Downs position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Churchill Downs will appreciate offsetting losses from the drop in the long position's value.

Moving together with Churchill Stock

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Moving against Churchill Stock

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The ability to find closely correlated positions to Churchill Downs could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Churchill Downs when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Churchill Downs - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Churchill Downs Incorporated to buy it.
The correlation of Churchill Downs is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Churchill Downs moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Churchill Downs rporated moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Churchill Downs can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Churchill Downs rporated offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Churchill Downs' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Churchill Downs Incorporated Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Churchill Downs Incorporated Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Churchill Downs Incorporated. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment.
Note that the Churchill Downs rporated information on this page should be used as a complementary analysis to other Churchill Downs' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.

Complementary Tools for Churchill Stock analysis

When running Churchill Downs' price analysis, check to measure Churchill Downs' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Churchill Downs is operating at the current time. Most of Churchill Downs' value examination focuses on studying past and present price action to predict the probability of Churchill Downs' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Churchill Downs' price. Additionally, you may evaluate how the addition of Churchill Downs to your portfolios can decrease your overall portfolio volatility.
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Is Churchill Downs' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Churchill Downs. If investors know Churchill will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Churchill Downs listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
56.156
Dividend Share
0.382
Earnings Share
5.49
Revenue Per Share
32.735
Quarterly Revenue Growth
0.169
The market value of Churchill Downs rporated is measured differently than its book value, which is the value of Churchill that is recorded on the company's balance sheet. Investors also form their own opinion of Churchill Downs' value that differs from its market value or its book value, called intrinsic value, which is Churchill Downs' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Churchill Downs' market value can be influenced by many factors that don't directly affect Churchill Downs' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Churchill Downs' value and its price as these two are different measures arrived at by different means. Investors typically determine if Churchill Downs is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Churchill Downs' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.