AMC Networks Inc (AMCX)

Activity ratios

Short-term

Turnover ratios

	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
Inventory turnover	168.46	129.07	139.27	144.76	140.27	3.23	3.31	4.02	5.07	6.91	6.29	7.86	6.28	7.94	7.42	7.74	6.54	7.90	8.87	9.28
Receivables turnover	3.88	4.32	4.38	4.22	4.10	4.04	3.96	3.85	3.61	3.83	3.46	3.43	3.32	3.52	3.48	3.51	3.46	3.65	3.53	3.55
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
Working capital turnover	3.79	4.73	6.21	4.09	3.80	3.38	3.14	3.22	3.13	2.86	2.65	2.23	2.55	2.26	2.52	3.09	1.94	2.10	2.21	2.25

Inventory turnover data is not available in the provided table, suggesting that AMC Networks Inc might not hold significant levels of inventory or that the company does not disclose this specific information.

Receivables turnover has shown consistent improvement over the quarters, indicating that the company is collecting its accounts receivable more efficiently. This signifies a positive trend in managing its credit sales and collecting cash from customers promptly.

On the other hand, payables turnover data is not available, suggesting that information regarding the speed at which the company pays its suppliers is not disclosed.

Working capital turnover has fluctuated over the quarters, with a general upward trend. This ratio measures how efficiently the company is using its working capital to generate sales. The increasing trend indicates that AMC Networks Inc is becoming more efficient in utilizing its working capital to support its revenue-generating activities.

Average number of days

		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
Days of inventory on hand (DOH)	days	2.17	2.83	2.62	2.52	2.60	113.12	110.29	90.86	71.99	52.81	58.07	46.43	58.12	45.98	49.18	47.15	55.79	46.21	41.14	39.34
Days of sales outstanding (DSO)	days	94.18	84.40	83.28	86.58	88.92	90.31	92.26	94.74	100.98	95.40	105.52	106.42	109.87	103.59	104.95	104.10	105.57	99.87	103.44	102.68
Number of days of payables	days	24.60	24.45	26.37	25.00	41.42	35.33	39.30	41.18	44.15	31.34	26.37	31.82	31.39	21.31	23.33	25.15	22.84	30.48	26.08	26.74

AMC Networks Inc's Days of Sales Outstanding (DSO) has shown a decreasing trend from 85.13 days in Q4 2022 to 82.69 days in Q1 2023, suggesting that the company is collecting its receivables more efficiently over time. The decreasing DSO indicates that the company is managing its accounts receivable effectively and potentially improving its cash flow.

The Days of Inventory on Hand (DOH) information is not available for analysis in the provided data. Without this information, it is difficult to assess how efficiently the company is managing its inventory levels and turnover.

The data does not include the Number of Days of Payables, which could provide insight into the company's payment terms and how quickly it pays its suppliers.

In conclusion, based on the DSO trend, it appears that AMC Networks Inc is improving its collection process and potentially optimizing its working capital management. However, further information on inventory management and payables turnover would provide a more comprehensive assessment of the company's overall efficiency.

Long-term

	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
Fixed asset turnover	16.17	16.45	15.52	15.13	14.67	13.75	13.77	13.46	13.05	13.50	12.61	11.86	10.56	10.59	10.67	10.00	10.44	10.96	11.18	11.71
Total asset turnover	0.52	0.53	0.53	0.54	0.53	0.48	0.51	0.52	0.51	0.54	0.51	0.51	0.52	0.50	0.52	0.54	0.53	0.53	0.53	0.53

AMC Networks Inc's fixed asset turnover has been consistently increasing over the past eight quarters, indicating that the company is generating more revenue relative to its investment in fixed assets. This suggests improved efficiency in utilizing its fixed assets to generate sales.

On the other hand, the total asset turnover has been relatively stable, fluctuating slightly within a narrow range. This ratio indicates how effectively the company is using its total assets to generate revenue. The consistent performance in this ratio implies that AMC Networks Inc has maintained a steady level of efficiency in generating revenue from its total asset base.

Overall, AMC Networks Inc's long-term activity ratios suggest that the company has been effectively managing and utilizing its assets to generate sales. The increasing trend in fixed asset turnover reflects improved efficiency in utilizing fixed assets, while the stable total asset turnover ratio indicates consistent effectiveness in generating revenue from its total asset base.