Cinemark Holdings Inc (CNK)
Total asset 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 |
| Total assets | US$ in thousands | 1,127,300 | 4,655,900 | 4,623,300 | 5,230,600 | 5,562,920 |
| Total asset turnover | 2.71 | 0.69 | 0.50 | 0.26 | 0.10 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $3,056,400K ÷ $1,127,300K
= 2.71
Cinemark Holdings Inc's total asset turnover has exhibited a notable increase over the years, reflecting improved efficiency in generating sales from its total assets. The ratio stood at 0.10 as of December 31, 2020, indicating that the company generated $0.10 in revenue for every dollar of assets.
By December 31, 2024, the total asset turnover had surged to 2.71, signifying a substantial enhancement in operational performance. This implies that the company generated $2.71 in revenue for each dollar of assets held.
The progressive rise in total asset turnover from 2020 to 2024 suggests that Cinemark Holdings Inc has been able to utilize its assets more efficiently to drive sales and revenue growth. This improvement could be attributed to strategic asset management and operational effectiveness, leading to enhanced overall financial performance.