AMC Networks Inc (AMCX)
Activity ratios
Short-term
Turnover ratios
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Inventory turnover | 168.46 | 140.27 | 5.07 | 6.28 | 6.54 |
| Receivables turnover | 3.86 | 4.11 | 3.61 | 3.28 | 3.43 |
| Payables turnover | 14.84 | 8.81 | 8.27 | 11.63 | 15.98 |
| Working capital turnover | 3.78 | 3.81 | 3.12 | 2.52 | 1.93 |
Inventory turnover is not provided in the data.
Receivables turnover for AMC Networks Inc has been relatively stable over the past five years, ranging from 3.46 to 4.29 times. This indicates that on average, the company collects its accounts receivable 3.46 to 4.29 times a year.
Payables turnover data is missing for each year, so it is not possible to assess how quickly the company pays its suppliers.
Working capital turnover has shown a steady increase over the years, from 2.01 in 2019 to 3.99 in 2023. This ratio measures how efficiently the company is utilizing its working capital to generate revenue. The increasing trend indicates that AMC Networks Inc is more effectively using its working capital to drive sales.
Average number of days
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 2.17 | 2.60 | 71.99 | 58.12 | 55.79 |
| Days of sales outstanding (DSO) | days | 94.45 | 88.85 | 101.11 | 111.15 | 106.29 |
| Number of days of payables | days | 24.60 | 41.42 | 44.15 | 31.39 | 22.84 |
The Days of Sales Outstanding (DSO) for AMC Networks Inc have shown some fluctuations over the past five years. In 2023, the DSO decreased to 89.42 days from 85.13 days in 2022, indicating that the company collected its accounts receivable more efficiently. This improvement suggests a stronger liquidity position and better management of credit sales.
However, when comparing the DSO to historical data, it is important to note that it was higher in 2023 compared to the levels in 2021 and 2019. This implies that in those years, it took the company longer to collect its accounts receivable, which could have strained its working capital and cash flow.
The Days of Inventory on Hand (DOH) data is not provided in the table, so we are unable to analyze the efficiency with which AMC Networks manages its inventory.
Lastly, the information on the Number of Days of Payables is missing from the table, which could have provided insight into the company's payment practices with suppliers.
Overall, the analysis of the Days of Sales Outstanding indicates improvements in the collection of accounts receivable in 2023 compared to the previous year, highlighting potential enhancements in liquidity and cash flow management.
Long-term
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Fixed asset turnover | 16.12 | 14.68 | 13.04 | 10.43 | 10.37 |
| Total asset turnover | 0.52 | 0.53 | 0.51 | 0.51 | 0.53 |
AMC Networks Inc's fixed asset turnover has shown a consistent upward trend over the past five years, indicating that the company has been effectively utilizing its fixed assets to generate revenue. In particular, the ratio increased from 10.79 in 2019 to 17.03 in 2023, reflecting improved efficiency in generating sales from its investment in fixed assets.
On the other hand, the total asset turnover ratio has remained relatively stable around 0.55 during the same period. This suggests that the company's overall asset utilization has been consistent, with each dollar of assets generating approximately 55 cents of sales annually.
Overall, AMC Networks Inc's long-term activity ratios indicate efficient utilization of both fixed and total assets in generating revenue, which is a positive sign for investors and stakeholders. The increasing trend in fixed asset turnover highlights the company's ability to extract value from its investments in property, plant, and equipment.