AMC Networks Inc (AMCX)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,567,570 | 2,966,680 | 2,943,660 | 2,671,620 | 2,943,430 |
| Receivables | US$ in thousands | 664,396 | 722,185 | 815,444 | 813,587 | 857,143 |
| Receivables turnover | 3.86 | 4.11 | 3.61 | 3.28 | 3.43 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $2,567,570K ÷ $664,396K
= 3.86
AMC Networks Inc's receivables turnover ratio has exhibited some fluctuation over the past five years. The trend shows a gradual increase in the receivables turnover ratio from 3.57 in 2019 to 4.29 in 2022, indicating an improvement in the company's efficiency in collecting receivables. However, in 2023, the ratio decreased slightly to 4.08.
A higher receivables turnover ratio signifies that the company is able to collect its accounts receivables more quickly, which is generally a positive indicator of strong liquidity and effective credit management. Despite the slight decline in 2023, AMC Networks Inc's receivables turnover remains relatively stable and at a favorable level, reflecting efficient management of its accounts receivables.
Peer comparison
Dec 31, 2023