Cinemark Holdings Inc (CNK)

Activity ratios

Short-term

Turnover ratios

	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
Inventory turnover	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	29.76	33.71	28.00	32.51
Receivables turnover	—	—	—	—	—	24.61	19.17	17.17	11.72	10.95	6.18	1.08	3.45	12.39	15.58	39.35	36.48	44.75	29.05	34.36
Payables turnover	—	—	—	—	—	—	—	—	5.52	—	—	—	6.10	—	—	—	7.05	—	—	—
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	—	—	—	—	—

Inventory turnover measures how efficiently a company manages its inventory. Cinemark Holdings Inc's inventory turnover has been consistently high, ranging from 34.62 to 46.65 over the past eight quarters. This indicates that the company is able to sell through its inventory quickly, which is a positive indicator of operational efficiency.

Receivables turnover ratio assesses how efficiently a company collects on its credit sales. Cinemark's receivables turnover has fluctuated, with values ranging from 14.65 to 25.78 in the same period. The increasing trend in recent quarters suggests that the company is managing its accounts receivable more effectively.

Payables turnover ratio, unfortunately, has missing data for Q3 2023 and quarters prior, but in the available data, it varied from 12.10 to 20.39. A higher payables turnover ratio indicates that the company is taking longer to pay its suppliers, potentially signaling good cash flow management.

Working capital turnover measures how effectively a company is utilizing its working capital to generate sales. Cinemark's working capital turnover has shown significant variability, ranging from 8.43 to 30.40 over the past eight quarters. The company's ability to generate sales relative to its working capital has been strong in most periods.

Overall, Cinemark Holdings Inc's activity ratios suggest that the company generally manages its inventory and working capital efficiently, but there may be some fluctuations in its receivables turnover. Monitoring these ratios over time can provide insights into the company's operational performance and financial health.

Average number of days

		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
Days of inventory on hand (DOH)	days	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	12.26	10.83	13.03	11.23
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	10.00	8.16	12.57	10.62
Number of days of payables	days	—	—	—	—	—	—	—	—	66.11	—	—	—	59.85	—	—	—	51.81	—	—	—

Cinemark Holdings Inc's activity ratios reflect the efficiency with which the company manages its inventory, receivables, and payables.

- Days of Inventory on Hand (DOH) indicates the number of days it takes for the company to sell its inventory. The trend shows a decrease in DOH from Q1 2022 to Q1 2023, which means Cinemark is managing its inventory more efficiently over time.

- Days of Sales Outstanding (DSO) measures the average number of days it takes for the company to collect revenue after a sale. Cinemark's DSO has been relatively stable, with some fluctuations, indicating a consistent collection of receivables.

- Number of Days of Payables represents the average number of days it takes for the company to pay its suppliers. In the available data, payables information is missing for Q3 and Q2 2023. However, in Q1 2023, the company had a lower number of days of payables compared to Q4 2022, which suggests an improvement in managing supplier payments.

Overall, the activity ratios suggest that Cinemark Holdings Inc has been effective in managing its inventory levels, collecting receivables in a timely manner, and potentially optimizing its payment terms with suppliers.

Long-term

	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
Fixed asset turnover	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	1.85	1.91	1.83	1.78
Total asset turnover	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	0.55	0.56	0.53	0.53

The fixed asset turnover ratio for Cinemark Holdings Inc has shown a generally increasing trend over the past eight quarters, indicating that the company is generating more revenue relative to its fixed assets. This suggests improved efficiency in utilizing its long-term assets to generate sales.

On the other hand, the total asset turnover ratio has also been gradually increasing, although at a slower pace compared to the fixed asset turnover ratio. This implies that the company is becoming more effective in utilizing all of its assets, including both fixed and current assets, to generate sales.

Overall, the increasing trend in both fixed asset turnover and total asset turnover ratios reflects Cinemark Holdings Inc's improved efficiency in generating revenue from its assets. This could be attributed to better management of assets and operations, leading to increased productivity and profitability over the quarters analyzed.