Churchill Downs (CHDN) Research & Development (2015 - 2017)
Churchill Downs (CHDN) recorded quarterly Research & Development of $9.7 million in Q3 2017, down 2.02% quarter-over-quarter from $9.9 million in Q2 2017, and up 10.23% on a YoY basis from $8.8 million in Q3 2016.
Churchill Downs (CHDN) Research & Development (2015 - 2017) Analysis & Trends
Churchill Downs' Research & Development history runs 3 years deep, the most recent figure standing at $9.7 million for Q3 2017.
- In Q3 2017, Research & Development rose 10.23% year-over-year to $9.7 million; the TTM figure through Sep 2017 stood at $39.6 million (up 2.33% YoY), while the FY2016 annual figure was $39.0 million, down 1.02% from the prior year.
- Research & Development was $9.7 million for Q3 2017 at Churchill Downs, down from $9.9 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $10.8 million in Q1 2016 to a low of $8.8 million in Q3 2016.
- Historically, Research & Development has averaged $9.8 million across 3 years, with a median of $9.9 million in 2015.
- The sharpest annual moves came in 2016 and 2017: Research & Development slipped 11.11% in 2016, then increased 10.23% in 2017.
- A 3-year view of Research & Development shows it stood at $9.4 million in 2015, then rose by 3.19% to $9.7 million in 2016, then changed by 0.0% to $9.7 million in 2017.
- The last three Research & Development figures came in at $9.7 million (Q3 2017), $9.9 million (Q2 2017), and $10.3 million (Q1 2017), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Flutter Entertainment | 17.90 Bn | 16.81 Bn | 1.84 Bn | 259.00 Mn |
| 2 | DraftKings | 13.03 Bn | 12.02 Bn | 696.69 Mn | 123.18 Mn |
| 3 | Churchill Downs | 6.18 Bn | 6.02 Bn | 475.00 Mn | - |
| 4 | Rush Street Interactive | 2.98 Bn | 2.81 Bn | 132.17 Mn | - |
| 5 | Brightstar Lottery | 2.10 Bn | 1.86 Bn | 553.00 Mn | 14.00 Mn |
| 6 | Accel Entertainment | 1.07 Bn | 801.63 Mn | 109.94 Mn | - |
| 7 | Codere Online Luxembourg | 539.90 Mn | 470.47 Mn | - | - |
| 8 | Bragg Gaming | 273.64 Mn | 265.89 Mn | 18.22 Mn | -575,037.50 |
| 9 | Inspired Entertainment | 234.31 Mn | 190.81 Mn | 54.60 Mn | - |
| 10 | High Roller Technologies | 50.40 Mn | 47.74 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2017 | 9.70 Mn |
| Jun 30, 2017 | 9.90 Mn |
| Mar 31, 2017 | 10.30 Mn |
| Dec 31, 2016 | 9.70 Mn |
| Sep 30, 2016 | 8.80 Mn |
| Jun 30, 2016 | 9.70 Mn |
| Mar 31, 2016 | 10.80 Mn |
| Dec 31, 2015 | 9.40 Mn |
| Sep 30, 2015 | 9.90 Mn |
| Jun 30, 2015 | 9.90 Mn |
| Mar 31, 2015 | 10.20 Mn |