Cinemark Holdings Inc (CNK)
Payables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 63,900 | 94,700 | 241,400 | 424,538 | 438,242 |
| Payables | US$ in thousands | — | — | — | 75,998 | 70,646 |
| Payables turnover | — | — | — | 5.59 | 6.20 |
December 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $63,900K ÷ $—K
= —
The payables turnover ratio for Cinemark Holdings Inc has shown a decreasing trend over the past few years. In 2020, the payables turnover ratio was 6.20, indicating that the company's payables turnover rate was relatively high. However, this ratio decreased to 5.59 in 2021, suggesting that Cinemark took longer to pay off its suppliers or vendors compared to the previous year.
It is notable that data for the years 2022, 2023, and 2024 are not available, which makes it challenging to assess the trend further. However, a declining payables turnover ratio can sometimes indicate inefficiencies in the company's payment process or potential liquidity issues. This may warrant further investigation into Cinemark's financial management practices and supplier relationships to ensure optimal working capital management.