Cinemark Holdings Inc (CNK)

Receivables 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
Revenue (ttm)	US$ in thousands	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	3,203,277	3,212,950	3,144,471	3,067,433
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	87,804	71,791	108,252	89,275
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

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $3,234,700K ÷ $—K
= —

Cinemark Holdings Inc's receivables turnover ratio has shown variability over the past eight quarters. In Q4 2023, the receivables turnover was 22.37, indicating that the company collected its accounts receivable approximately 22.37 times during that quarter. This was a decrease from the previous quarter's ratio of 25.19. The highest receivables turnover was observed in Q3 2022 at 25.78, while the lowest ratio was in Q4 2022 at 14.65.

A high receivables turnover ratio generally suggests that a company efficiently collects its outstanding receivables. However, the fluctuating trend in Cinemark's receivables turnover may indicate inconsistencies in their collection process or changes in their credit policy. Further analysis is required to understand the reasons behind these fluctuations and their potential impact on the company's cash flow and overall financial performance.