Cinemark Holdings Inc (CNK)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 188,200 | -271,200 | -422,800 | -616,800 | 191,386 |
| Revenue | US$ in thousands | 3,234,700 | 2,299,400 | 1,352,960 | 551,574 | 3,179,760 |
| Net profit margin | 5.82% | -11.79% | -31.25% | -111.83% | 6.02% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $188,200K ÷ $3,234,700K
= 5.82%
Cinemark Holdings Inc's net profit margin has shown significant fluctuations over the past five years. In 2019, the net profit margin stood at a healthy 5.79%, indicating that for every dollar of revenue generated, the company was able to retain approximately 5.79 cents as profit.
However, in 2020, there was a drastic decline, with the net profit margin plummeting to -89.25%. This negative net profit margin suggests that the company incurred losses exceeding its total revenue, which is a concerning indication of financial distress.
The following year, in 2021, the net profit margin improved compared to the previous year but remained negative at -27.59%. While showing some recovery, the company still struggled to generate profits relative to its revenue.
In 2022, Cinemark Holdings Inc continued to face challenges, with the net profit margin standing at -10.89%. Despite the improvement from the previous year, the company remained in the red.
Finally, in 2023, there was a notable turnaround as the net profit margin recovered to 6.03%. This positive net profit margin indicates that the company was able to generate profits relative to its revenue, showcasing a significant improvement compared to the previous years.
Overall, the fluctuating trend in Cinemark Holdings Inc's net profit margin highlights the company's volatility in profitability over the years, indicating periods of both strength and weakness in its financial performance.