Cinemark Holdings Inc (CNK)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,984,100 | 3,076,300 | 2,994,200 | 3,202,300 | 3,234,700 | 2,768,400 | 2,582,100 | 2,379,800 | 2,231,500 | 2,407,057 | 2,153,212 | 1,706,333 | 1,352,964 | 823,049 | 461,972 | 214,925 | 656,796 | 1,347,357 | 2,104,323 | 3,027,775 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | 97,800 | 112,300 | 99,400 | 115,473 | 75,141 | 74,693 | 198,390 | 190,416 | 108,750 | 135,101 | 76,935 |
| Receivables turnover | — | — | — | — | — | — | — | — | — | 24.61 | 19.17 | 17.17 | 11.72 | 10.95 | 6.18 | 1.08 | 3.45 | 12.39 | 15.58 | 39.35 |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,984,100K ÷ $—K
= —
Based on the provided data, Cinemark Holdings Inc's receivables turnover ratio has fluctuated over the past few quarters. The receivables turnover ratio measures how efficiently a company is able to collect payments from its customers.
In March 2020, the company had a high receivables turnover ratio of 39.35, indicating that it was collecting payments from customers very quickly. However, this ratio dropped significantly to 15.58 by June 2020 and continued to decrease to 3.45 by December 2020, suggesting potential issues with collecting receivables.
The trend reversed in the following periods, with the ratio increasing to 17.17 by March 2022 and reaching a peak of 24.61 by September 2022. This improvement indicates that Cinemark was becoming more efficient in collecting payments from its customers.
As of the most recent data available, the receivables turnover ratio stood at 19.17 in June 2022, showing a healthy level of efficiency in managing receivables. However, it is important to note that the ratio is not available for the subsequent periods, which limits the ability to draw further conclusions about the company's receivables management.
Overall, a higher receivables turnover ratio is generally favorable as it suggests that the company is able to quickly convert its credit sales into cash, thereby reducing the risk of bad debt and improving its financial liquidity.