AMC Networks Inc (AMCX)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,575,026 | 2,844,244 | 2,894,882 | 2,962,429 | 2,964,512 | 2,813,452 | 2,945,170 | 2,979,098 | 2,947,394 | 2,951,884 | 2,793,128 | 2,665,145 | 2,702,925 | 2,707,854 | 2,771,369 | 2,896,296 | 2,963,567 | 2,951,209 | 2,958,067 | 2,949,487 |
| Receivables | US$ in thousands | 664,396 | 657,656 | 660,474 | 702,681 | 722,185 | 696,143 | 744,432 | 773,273 | 815,444 | 771,546 | 807,499 | 777,063 | 813,587 | 768,506 | 796,834 | 826,022 | 857,143 | 807,481 | 838,287 | 829,704 |
| 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 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,575,026K ÷ $664,396K
= 3.88
AMC Networks Inc's receivables turnover has been relatively stable over the past eight quarters, ranging from 4.01 to 4.61 times. This indicates that, on average, the company collects its accounts receivables approximately four to five times per year. A higher receivables turnover ratio is generally favorable as it suggests that the company efficiently collects payments from its customers. The consistent and relatively high values of the receivables turnover ratios for AMC Networks Inc reflect a healthy receivables management process, which may contribute to the company's overall liquidity and financial stability. However, it is important to consider industry benchmarks and trends over time to fully assess AMC Networks Inc's efficiency in collecting receivables in comparison to its peers.
Peer comparison
Dec 31, 2023