AMC Networks Inc (AMCX)
Payables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,327,500 | 1,515,900 | 1,432,080 | 1,401,590 | 1,506,980 |
| Payables | US$ in thousands | 89,469 | 172,009 | 173,207 | 120,530 | 94,306 |
| Payables turnover | 14.84 | 8.81 | 8.27 | 11.63 | 15.98 |
December 31, 2023 calculation
Payables turnover = Cost of revenue ÷ Payables
= $1,327,500K ÷ $89,469K
= 14.84
The payables turnover ratio for AMC Networks Inc has consistently been reported as 0.00 for the past five years from 2019 to 2023. A payables turnover ratio of 0.00 indicates that the company is not effectively managing its accounts payable, as there is little to no turnover in the payables balance. This could suggest that the company is not promptly paying its suppliers or is not utilizing its trade credit efficiently. It is essential for the company to improve its payables turnover ratio to ensure better cash flow management and maintain healthy relationships with its suppliers. Further investigation into the company's payment practices and supplier relationships may be necessary to address this issue and improve operational efficiency.
Peer comparison
Dec 31, 2023