Cinemark Holdings Inc (CNK)
Working capital 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 current assets | US$ in thousands | 259,700 | 644,000 | 270,100 | 874,400 | 892,747 |
| Total current liabilities | US$ in thousands | 743,300 | 253,200 | 214,800 | 769,100 | 606,441 |
| Working capital turnover | — | 8.28 | 41.58 | 12.85 | 1.93 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $3,056,400K ÷ ($259,700K – $743,300K)
= —
Cinemark Holdings Inc has shown varying trends in its working capital turnover over the past five years. In December 2020, the working capital turnover stood at 1.93, indicating that the company generated $1.93 in revenue for each dollar of working capital invested.
Significant improvement was observed in December 2021, with the working capital turnover increasing to 12.85, reflecting more efficient utilization of working capital to generate revenue. This substantial increase suggests enhanced operational efficiency and effective management of the company's short-term assets and liabilities.
By December 2022, the working capital turnover surged to 41.58, reaching the highest level in the data provided. This remarkable increase indicates a significant boost in the company's ability to convert working capital into revenue, showcasing strong performance in efficiently managing its working capital resources.
However, a decline was observed in December 2023, with the working capital turnover dropping to 8.28. While this figure is still relatively high, it represents a decrease from the exceptionally high levels seen in the previous year. The fluctuation might signify changes in the company's operational dynamics or external factors impacting its working capital efficiency.
Unfortunately, the data for December 2024 is not available ("—"), making it challenging to assess the latest performance in terms of working capital turnover. Without this data point, it is unclear whether the trend observed in the previous years has continued or if there have been further fluctuations in the company's working capital efficiency.
Overall, the progression of Cinemark Holdings Inc's working capital turnover indicates fluctuations in its ability to generate revenue from working capital resources efficiently. Further analysis and insight would be required to understand the factors driving these varying trends and to assess the company's overall financial health and operational performance.