AMC Networks Inc (AMCX)
Payables turnover
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 1,327,500 | 1,546,024 | 1,554,583 | 1,558,394 | 1,515,902 | 1,337,874 | 1,422,679 | 1,435,748 | 1,432,083 | 1,438,889 | 1,394,441 | 1,338,103 | 1,401,591 | 1,386,601 | 1,407,777 | 1,510,897 | 1,506,985 | 1,483,140 | 1,474,546 | 1,465,732 |
| Payables | US$ in thousands | 89,469 | 103,575 | 112,315 | 106,740 | 172,009 | 129,493 | 153,178 | 161,968 | 173,207 | 123,556 | 100,758 | 116,668 | 120,530 | 80,967 | 89,971 | 104,126 | 94,306 | 123,838 | 105,353 | 107,392 |
| Payables turnover | 14.84 | 14.93 | 13.84 | 14.60 | 8.81 | 10.33 | 9.29 | 8.86 | 8.27 | 11.65 | 13.84 | 11.47 | 11.63 | 17.13 | 15.65 | 14.51 | 15.98 | 11.98 | 14.00 | 13.65 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,327,500K ÷ $89,469K
= 14.84
AMC Networks Inc has consistently reported a payables turnover ratio of 0.00 in each quarter for the past eight quarters. This indicates that the company is not effectively utilizing its accounts payable to manage its cash flow or working capital. A low or zero payables turnover ratio may suggest that the company is not efficiently paying its suppliers or managing its trade credit effectively. Further analysis and investigation into the company's payables management practices are recommended to understand the reasons behind the consistently low payables turnover ratio and to identify potential areas for improvement in the company's working capital management.
Peer comparison
Dec 31, 2023