Cinemark Holdings Inc (CNK)
Total asset 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 |
| Total assets | US$ in thousands | 4,655,900 | 1,583,800 | 1,598,000 | 1,575,100 | 4,623,300 | 4,850,500 | 5,004,000 | 5,024,300 | 5,230,600 | 5,078,570 | 5,212,820 | 5,296,950 | 5,562,920 | 5,802,610 | 5,690,120 | 5,632,890 | 5,828,020 | 5,751,600 | 5,902,250 | 5,790,750 |
| 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 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,234,700K ÷ $4,655,900K
= 0.69
Cinemark Holdings Inc's total asset turnover has shown a consistent upward trend over the past eight quarters, increasing from 0.37 in Q1 2022 to 0.63 in Q4 2023. This indicates that the company is generating more revenue relative to its total assets, reflecting greater efficiency in asset utilization. The gradual improvement in total asset turnover suggests that Cinemark is becoming more effective in generating sales from its assets, potentially due to better operational efficiency or a more effective asset management strategy. This trend is generally perceived positively by investors and stakeholders as it signifies an improvement in the company's ability to generate revenue from its invested assets.