Cinemark Holdings Inc (CNK)
Payables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 94,700 | 241,400 | 424,538 | 438,242 | 650,502 |
| Payables | US$ in thousands | — | — | 75,998 | 70,646 | 91,607 |
| Payables turnover | — | — | 5.59 | 6.20 | 7.10 |
December 31, 2023 calculation
Payables turnover = Cost of revenue ÷ Payables
= $94,700K ÷ $—K
= —
Cinemark Holdings Inc's payables turnover has shown a fluctuating trend over the past five years. The ratio has significantly increased from 13.21 in 2019 to 20.39 in 2023. This indicates that the company is paying its suppliers more frequently relative to their average accounts payable balance. The higher payables turnover may suggest efficient management of supplier payments, potentially benefiting from discounts for prompt payments. It is important to note the substantial increase in 2023 compared to previous years, indicating an improvement in the efficiency of managing accounts payable during that year. Monitoring payables turnover trends can provide valuable insights into a company's liquidity and operational efficiency.