Churchill Retained Earnings vs Total Current Liabilities Analysis

CHDN Stock  USD 138.63  0.26  0.19%   
Churchill Downs financial indicator trend analysis is way more than just evaluating Churchill Downs prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Churchill Downs is a good investment. Please check the relationship between Churchill Downs Retained Earnings and its Total Current Liabilities accounts. 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 closely tied with the direction of predictive economic indicators such as signals in unemployment.

Retained Earnings vs Total Current Liabilities

JavaScript chart by amCharts 3.21.15201420162018202020222024350M400M450M500M550M600M650M700M750M800M850M 250M300M350M400M450M500M550M600M650M700M750M
JavaScript chart by amCharts 3.21.15Retained Earningstotal: 6.6BTotal Current Liabilitiestotal: 5.7B

Retained Earnings vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Churchill Downs Retained Earnings account and Total Current Liabilities. At this time, the significance of the direction appears to have very strong relationship.
Retained EarningsTotal Current LiabilitiesDiversified AwayRetained EarningsTotal Current LiabilitiesDiversified Away100%
The correlation between Churchill Downs' Retained Earnings and Total Current Liabilities is 0.84. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Churchill Downs Incorporated, assuming nothing else is changed. The correlation between historical values of Churchill Downs' Retained Earnings and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Churchill Downs Incorporated are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Retained Earnings i.e., Churchill Downs' Retained Earnings and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.84
Relationship DirectionPositive 
Relationship StrengthStrong

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

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 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 closely tied with the direction of predictive economic indicators such as signals in unemployment.
At this time, Churchill Downs' Selling General Administrative is very stable compared to the past year. As of the 12th of December 2024, Enterprise Value is likely to grow to about 3.9 B, 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

0.990.840.860.570.980.990.830.960.541.00.00.540.77-0.160.990.92-0.321.00.970.780.190.440.97-0.51-0.5
0.990.790.80.460.981.00.760.960.570.99-0.020.570.7-0.291.00.93-0.341.00.980.760.180.420.96-0.57-0.56
0.840.790.930.490.770.790.750.740.450.830.150.450.75-0.020.80.84-0.260.830.750.720.040.420.74-0.56-0.55
0.860.80.930.670.810.80.840.810.410.860.110.410.790.140.80.82-0.20.840.780.720.340.420.8-0.38-0.37
0.570.460.490.670.560.470.850.580.030.580.110.030.630.610.470.370.170.50.50.390.350.370.550.190.2
0.980.980.770.810.560.980.810.980.530.98-0.080.530.7-0.20.970.91-0.320.970.990.740.240.40.95-0.49-0.48
0.991.00.790.80.470.980.760.960.540.99-0.010.540.69-0.291.00.92-0.340.990.980.740.180.420.97-0.56-0.56
0.830.760.750.840.850.810.760.780.30.830.210.30.730.210.760.66-0.020.780.760.630.210.480.76-0.34-0.33
0.960.960.740.810.580.980.960.780.540.96-0.030.540.73-0.120.950.9-0.230.950.980.760.340.490.94-0.41-0.4
0.540.570.450.410.030.530.540.30.540.51-0.081.00.55-0.240.570.67-0.390.570.610.89-0.040.330.41-0.53-0.52
1.00.990.830.860.580.980.990.830.960.51-0.010.510.76-0.170.990.91-0.320.990.970.760.20.430.97-0.5-0.49
0.0-0.020.150.110.11-0.08-0.010.21-0.03-0.08-0.01-0.080.130.12-0.03-0.130.76-0.01-0.080.09-0.080.64-0.1-0.22-0.23
0.540.570.450.410.030.530.540.30.541.00.51-0.080.55-0.240.570.67-0.390.570.610.89-0.040.330.41-0.53-0.52
0.770.70.750.790.630.70.690.730.730.550.760.130.550.230.730.79-0.180.750.70.850.060.530.65-0.26-0.25
-0.16-0.29-0.020.140.61-0.2-0.290.21-0.12-0.24-0.170.12-0.240.23-0.28-0.250.43-0.24-0.25-0.030.190.19-0.20.660.66
0.991.00.80.80.470.971.00.760.950.570.99-0.030.570.73-0.280.93-0.371.00.980.780.140.420.96-0.57-0.56
0.920.930.840.820.370.910.920.660.90.670.91-0.130.670.79-0.250.93-0.470.940.930.840.140.340.86-0.56-0.55
-0.32-0.34-0.26-0.20.17-0.32-0.34-0.02-0.23-0.39-0.320.76-0.39-0.180.43-0.37-0.47-0.36-0.33-0.280.140.47-0.350.320.32
1.01.00.830.840.50.970.990.780.950.570.99-0.010.570.75-0.241.00.94-0.360.980.780.160.430.96-0.56-0.55
0.970.980.750.780.50.990.980.760.980.610.97-0.080.610.7-0.250.980.93-0.330.980.780.240.40.95-0.49-0.48
0.780.760.720.720.390.740.740.630.760.890.760.090.890.85-0.030.780.84-0.280.780.780.040.550.64-0.51-0.51
0.190.180.040.340.350.240.180.210.34-0.040.2-0.08-0.040.060.190.140.140.140.160.240.040.070.250.250.26
0.440.420.420.420.370.40.420.480.490.330.430.640.330.530.190.420.340.470.430.40.550.070.31-0.28-0.28
0.970.960.740.80.550.950.970.760.940.410.97-0.10.410.65-0.20.960.86-0.350.960.950.640.250.31-0.4-0.39
-0.51-0.57-0.56-0.380.19-0.49-0.56-0.34-0.41-0.53-0.5-0.22-0.53-0.260.66-0.57-0.560.32-0.56-0.49-0.510.25-0.28-0.41.0
-0.5-0.56-0.55-0.370.2-0.48-0.56-0.33-0.4-0.52-0.49-0.23-0.52-0.250.66-0.56-0.550.32-0.55-0.48-0.510.26-0.28-0.391.0
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 Liab196.9M349.5M257.8M388M456.1M478.9M
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)74.2M54.8M19.3M38.6M
Cash And Short Term Investments96.2M67.4M291.3M129.8M144.5M151.7M
Net Receivables51.8M85.9M108.3M95.5M119.5M125.5M
Common Stock Shares Outstanding81.2M79.2M78.4M77M76.1M86.0M
Liabilities And Stockholders Equity2.6B2.7B3.0B6.2B7.0B7.3B
Non Current Liabilities Total1.7B1.9B2.3B5.0B5.3B5.6B
Other Current Assets26.9M81.8M101.9M119.2M136.8M143.6M
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

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 against Churchill Stock

  0.5WING WingstopPairCorr
  0.37EJH E Home HouseholdPairCorr
  0.36BTBDW BT Brands WarrantPairCorr
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 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 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 closely tied with the direction of predictive economic indicators such as signals in unemployment.
You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Is Hotels, Restaurants & Leisure space 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
0.089
Dividend Share
0.382
Earnings Share
5.53
Revenue Per Share
35.989
Quarterly Revenue Growth
0.098
The market value of Churchill Downs 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.
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