Cinemark Holdings Inc (CNK)

The number of days of payables for Cinemark Holdings Inc has demonstrated a fluctuating trend over the past five years. In 2023, the company was able to manage its payables efficiently, with payables outstanding for an average of 17.90 days. This represents a significant improvement compared to the previous year, where payables were outstanding for 30.16 days.

The downward trend in the number of days of payables since 2021 indicates that Cinemark has been effectively managing its payment obligations to suppliers and vendors. In 2021, the company showed a substantial improvement from the prior year, when payables were outstanding for 109.51 days, signaling a potential improvement in the company's liquidity management.

Comparing the current data to 2019, where payables were outstanding for 27.63 days, it is evident that Cinemark has made progress in streamlining its payables process. This trend suggests that the company may be optimizing its cash flow by extending supplier payment terms without negatively impacting vendor relationships. Overall, the decreasing number of days of payables reflects improved working capital management and financial efficiency for Cinemark Holdings Inc.