AMC Networks Inc (AMCX)
Working capital 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 |
| Total current assets | US$ in thousands | 1,623,370 | 1,901,100 | 1,840,500 | 1,706,740 | 1,949,870 | 1,915,040 | 2,005,470 | 1,967,400 | 2,000,190 | 1,868,700 | 2,028,160 | 1,956,220 | 1,938,770 | 2,032,980 | 1,893,760 | 1,742,400 | 2,330,300 | 2,224,910 | 2,144,580 | 2,105,220 |
| Total current liabilities | US$ in thousands | 943,423 | 1,300,170 | 1,374,030 | 981,677 | 1,170,230 | 1,083,140 | 1,066,380 | 1,041,740 | 1,058,080 | 835,797 | 975,366 | 761,821 | 878,467 | 835,127 | 794,445 | 804,765 | 804,342 | 820,412 | 808,533 | 791,983 |
| 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 |
December 31, 2023 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $2,575,026K ÷ ($1,623,370K – $943,423K)
= 3.79
AMC Networks Inc's working capital turnover has shown variability over the past eight quarters. The working capital turnover ratio measures how efficiently a company is utilizing its working capital to support its sales. A higher ratio indicates that the company is effectively using its working capital to generate sales revenue.
In Q2 2023, AMC Networks Inc's working capital turnover ratio was at its highest, standing at 6.52. This suggests that the company was able to generate $6.52 in revenue for every dollar of working capital invested during that quarter. This significant increase from the previous quarter indicates improved efficiency in utilizing working capital.
However, in Q3 2023, the working capital turnover ratio decreased to 4.99, although it remained relatively high compared to previous quarters. This suggests that there was a slight decline in the efficiency of working capital utilization compared to the previous quarter.
Overall, AMC Networks Inc's working capital turnover ratio has been relatively stable, staying above 3.00 across all quarters. This indicates that the company has been effectively managing its working capital to support its sales activities. However, it is important for the company to monitor these fluctuations to ensure efficient working capital management in the future.
Peer comparison
Dec 31, 2023