Cinemark Holdings Inc (CNK)

Days of inventory on hand (DOH)

		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		3.97	5.20	5.57	17.56	21.33	26.91	30.83	28.15	27.07	28.83	27.76	28.98	34.21	28.01	33.68	36.22	29.76	33.71	28.00	32.51
DOH	days	91.94	70.13	65.52	20.79	17.11	13.56	11.84	12.97	13.48	12.66	13.15	12.60	10.67	13.03	10.84	10.08	12.26	10.83	13.03	11.23

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.97
= 91.94

Cinemark Holdings Inc's days of inventory on hand (DOH) ranged from 7.82 to 13.73 days over the past eight quarters. The company's inventory turnover efficiency improved in Q4 2023 compared to the previous quarter, as it took 7.82 days to sell its inventory. This indicates a positive trend in managing inventory levels. However, it is important to note that DOH fluctuated over the quarters, with a peak of 13.73 days in Q1 2022. The overall trend suggests that Cinemark has made efforts to streamline its inventory management processes, but there may still be room for further optimization to enhance operational efficiency and profitability.