Cinemark Holdings Inc (CNK)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,056,400 | 3,234,700 | 2,299,400 | 1,352,960 | 551,574 |
| Receivables | US$ in thousands | — | — | — | 115,473 | 190,416 |
| Receivables turnover | — | — | — | 11.72 | 2.90 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $3,056,400K ÷ $—K
= —
The receivables turnover ratio for Cinemark Holdings Inc has shown a significant improvement over the years, increasing from 2.90 in December 31, 2020 to 11.72 in December 31, 2021. This indicates that the company is collecting its accounts receivable more frequently within the year, reflecting a more efficient management of its receivables. However, it is worth noting that there is missing data for the years 2022, 2023, and 2024, which limits a more comprehensive trend analysis of the receivables turnover performance. Overall, the improvement in the receivables turnover ratio suggests that Cinemark Holdings Inc has been more successful in converting its credit sales into cash, potentially improving its liquidity and financial performance.