Cinemark Holdings Inc (CNK)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | — | — | — | — | — | — | — | — | 5.52 | — | — | — | 6.10 | — | — | — | 7.05 | — | — | — | |
| Number of days of payables | days | — | — | — | — | — | — | — | — | 66.11 | — | — | — | 59.85 | — | — | — | 51.81 | — | — | — |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ —
= —
Based on the data provided, the number of days of payables for Cinemark Holdings Inc in Q4 2023 was 17.90 days, compared to 30.16 days in Q4 2022. The number of days of payables is an important metric that indicates how long, on average, the company takes to pay its suppliers or creditors. A lower number of days of payables suggests that the company is efficient in managing its payables and may have strong negotiating power with its suppliers. In this case, the decrease from 30.16 days in Q4 2022 to 17.90 days in Q4 2023 indicates an improvement in the company's ability to manage its payables effectively. This trend could be a positive sign of improved cash flow management and financial health.