Cinemark Holdings Inc (CNK)
Payables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 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 | 645,428 | 652,239 | 609,398 | 589,833 |
| Payables | US$ in thousands | — | — | — | — | — | — | — | — | 75,998 | — | — | — | 70,646 | — | — | — | 91,607 | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | 5.52 | — | — | — | 6.10 | — | — | — | 7.05 | — | — | — |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $92,500K ÷ $—K
= —
Based on the quarterly data provided, Cinemark Holdings Inc's payables turnover ratio in Q4 2023 stood at 20.39. This indicates that the company converted its accounts payable into purchases approximately 20.39 times during the quarter. However, data for the previous quarters is not available for comparison.
Generally, a higher payables turnover ratio suggests that the company is efficient in managing its payables by paying its suppliers more frequently. It can also indicate strong bargaining power with suppliers, shorter credit terms, or effective inventory management.
To gain better insights and assess trends over time, it would be beneficial to have more historical data for comparison and benchmarking against industry peers. This would provide a clearer picture of Cinemark's payables management efficiency and its impact on the company's overall financial performance.