Cinemark Holdings Inc (CNK)
Days of sales outstanding (DSO)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | — | — | — | — | — | 24.61 | 19.17 | 17.17 | 11.72 | 10.95 | 6.18 | 1.08 | 3.45 | 12.39 | 15.58 | 39.35 | 36.48 | 44.75 | 29.05 | 34.36 | |
| DSO | days | — | — | — | — | — | 14.83 | 19.04 | 21.26 | 31.15 | 33.32 | 59.01 | 336.92 | 105.82 | 29.46 | 23.43 | 9.27 | 10.00 | 8.16 | 12.57 | 10.62 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ —
= —
The Days Sales Outstanding (DSO) metric for Cinemark Holdings Inc has shown fluctuations over the past eight quarters. In Q4 2023, the DSO was 16.32 days, reflecting a slight increase from the previous quarter's 14.49 days. This could indicate a lengthening of the company's sales collection period.
Compared to the same quarter in the prior year (Q4 2022), when the DSO was 24.91 days, there has been a significant improvement in collections efficiency. However, it is important to note that the DSO trend in Q4 2023 has diverged from the more stable performance seen in the preceding quarters of 2023.
Overall, while the current DSO of 16.32 days is relatively low compared to historical data, the recent increase from Q3 2023 suggests a potential slowdown in collection activities. Further monitoring of the DSO trend in upcoming quarters will be essential to assess whether this change is a temporary fluctuation or indicative of a longer-term shift in Cinemark Holdings Inc's accounts receivable management.