Cinemark Holdings Inc (CNK)
Activity ratios
Short-term
Turnover ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 2.06 | 2.91 | 3.15 | 3.87 | 3.97 | 5.20 | 5.57 | 17.56 | 21.33 | 26.91 | 30.83 | 28.15 | 27.07 | 28.83 | 27.76 | 28.98 | 34.21 | 28.01 | 33.68 | 36.22 |
| Receivables turnover | — | — | — | — | — | — | — | — | — | 24.61 | 19.17 | 17.17 | 11.72 | 10.95 | 6.18 | 1.08 | 3.45 | 12.39 | 15.58 | 39.35 |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | 5.52 | — | — | — | 6.10 | — | — | — |
| Working capital turnover | — | — | — | — | 8.28 | — | — | — | 40.35 | 13.95 | 14.63 | 23.00 | 12.85 | 31.09 | 6.80 | 1.34 | 2.29 | 3.74 | 14.16 | — |
Cinemark Holdings Inc's inventory turnover ratio has shown fluctuations over the analyzed periods, ranging from a high of 36.22 to a low of 2.06. A decreasing trend is observed from March 31, 2024, to December 31, 2024. This indicates a decline in the speed at which inventory is sold and replaced within the company.
The receivables turnover ratio has also varied significantly, with values ranging from 39.35 to 3.45. A notable drop is observed from June 30, 2020, to December 31, 2020, followed by an increase and subsequent stabilization in the later periods. However, data is missing for the latter years, limiting a comprehensive analysis.
For payables turnover, data is available only for December 31, 2020, and December 31, 2021, both indicating the number of times payables turnover occurred during the respective periods. This lack of data for other periods restricts a thorough evaluation of the company's payables management efficiency.
Regarding working capital turnover, the values range from 2.29 to 40.35, showcasing substantial fluctuations. A significant increase is noted from September 30, 2021, to December 31, 2022, suggesting improved efficiency in utilizing working capital to generate revenue. However, missing data for subsequent periods limits a complete analysis of the trend in working capital turnover.
In conclusion, while fluctuations in activity ratios provide insights into Cinemark Holdings Inc's operational efficiency and liquidity management, a more comprehensive analysis and trend evaluation can be conducted with complete and consistent data across all periods.
Average number of days
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 177.07 | 125.52 | 115.98 | 94.23 | 91.94 | 70.13 | 65.52 | 20.79 | 17.11 | 13.56 | 11.84 | 12.97 | 13.48 | 12.66 | 13.15 | 12.60 | 10.67 | 13.03 | 10.84 | 10.08 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | 14.83 | 19.04 | 21.26 | 31.15 | 33.32 | 59.01 | 336.92 | 105.82 | 29.46 | 23.43 | 9.27 |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | 66.11 | — | — | — | 59.85 | — | — | — |
The analysis of Cinemark Holdings Inc's activity ratios based on the provided data reveals the following trends:
1. Days of Inventory on Hand (DOH): The number of days of inventory on hand has been fluctuating over the years, ranging from a low of 10.08 days on March 31, 2020, to a high of 177.07 days on December 31, 2024. This indicates some variability in managing inventory levels, with a significant increase towards the end of the analysis period.
2. Days of Sales Outstanding (DSO): The days of sales outstanding have shown a similar pattern of fluctuation, starting at 9.27 days on March 31, 2020, peaking at 336.92 days on March 31, 2021, and then gradually decreasing to 21.26 days on March 31, 2022. From June 30, 2022, onwards, the data is missing, which limits the ability to assess the company's accounts receivable turnover efficiency in more recent periods.
3. Number of Days of Payables: The data for the number of days of payables is sparse, with values available only for December 31, 2020, and December 31, 2021. Payables days were at 59.85 days on December 31, 2020, and increased to 66.11 days on December 31, 2021. However, data for subsequent periods is unavailable, making it challenging to analyze the changes in the company's payment cycle.
In summary, Cinemark Holdings Inc's activity ratios reflect fluctuations in inventory management, accounts receivable collection, and payables payment practices over the observed period. The data suggests some variability in the company's working capital efficiency and liquidity management, with a need for more consistent and complete data to provide a comprehensive analysis of its activity ratios in the later periods.
Long-term
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fixed asset turnover | 2.61 | — | — | — | 2.78 | 1.27 | 1.15 | 1.05 | 1.81 | 1.91 | 1.66 | 1.26 | 0.98 | 0.57 | 0.31 | 0.14 | 0.41 | 0.83 | 1.31 | 1.83 |
| Total asset turnover | 2.65 | 1.95 | 1.90 | 2.02 | 0.69 | 1.75 | 1.62 | 1.51 | 0.48 | 0.50 | 0.43 | 0.34 | 0.26 | 0.16 | 0.09 | 0.04 | 0.12 | 0.23 | 0.37 | 0.54 |
Cinemark Holdings Inc's Fixed Asset Turnover ratio has fluctuated over the past few years. The ratio declined steadily from March 2020 to December 2021, indicating a decrease in the company's ability to generate sales revenue from its fixed assets. However, there was a significant improvement in this ratio from March 2023 to December 2023, reaching its peak at 2.78.
On the other hand, the Total Asset Turnover ratio of Cinemark also experienced variability during the same period. The ratio was low from March 2020 to December 2021, reflecting a lower efficiency in utilizing the company's total assets to generate revenue. However, there was a substantial increase in the ratio from March 2023 to December 2024, reaching a high of 2.65.
Overall, these ratios suggest that Cinemark's efficiency in utilizing its assets to generate sales revenue has improved significantly in recent periods, indicating a positive trend in the company's long-term operational efficiency and performance.