Cinemark Holdings Inc (CNK)
Payables turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 63,900 | 85,200 | 83,400 | 91,800 | 92,500 | 140,000 | 153,200 | 384,500 | 505,600 | 527,390 | 625,884 | 472,923 | 419,591 | 439,440 | 400,864 | 352,659 | 430,864 | 424,634 | 524,792 | 650,986 |
| Payables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | 75,998 | — | — | — | 70,646 | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | 5.52 | — | — | — | 6.10 | — | — | — |
December 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $63,900K ÷ $—K
= —
The payables turnover ratio is a financial metric that helps assess how efficiently a company is managing its accounts payable. It is calculated by dividing the total purchases made on credit by the average accounts payable during a specific period.
Looking at the payables turnover data provided for Cinemark Holdings Inc, we can see that the ratio was not available for most of the quarters except for two periods:
1. December 31, 2020: 6.10
2. December 31, 2021: 5.52
A higher payables turnover ratio typically indicates that the company is paying off its suppliers more quickly, which could imply good liquidity and efficient management of payables. Conversely, a lower ratio could suggest that the company is taking a longer time to pay its suppliers, which may have implications for cash flow management and supplier relations.
It is important to note that without additional context or comparison to industry benchmarks or historical data, it is challenging to draw definitive conclusions about the efficiency of Cinemark Holdings Inc's management of accounts payable based solely on the payables turnover ratio provided. Additional analysis and context would be needed to provide a more comprehensive evaluation.