Cinemark Holdings Inc (CNK)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 366,200 | -86,800 | -252,472 | -754,974 | 338,387 |
| Revenue | US$ in thousands | 3,234,700 | 2,299,400 | 1,352,960 | 551,574 | 3,179,760 |
| Operating profit margin | 11.32% | -3.77% | -18.66% | -136.88% | 10.64% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $366,200K ÷ $3,234,700K
= 11.32%
Cinemark Holdings Inc's operating profit margin has displayed significant fluctuations over the past five years. In 2023, the operating profit margin improved to 12.12%, a notable increase from the previous year's 2.76%. This indicates that the company was able to generate a higher percentage of operating profit relative to its revenue in 2023.
In 2022, the operating profit margin was relatively low at 2.76%, suggesting lower profitability compared to 2023. The company experienced a significant decline in profitability in 2021 with a negative operating profit margin of -16.53%, indicating that operating expenses exceeded operating income.
Furthermore, in 2020, Cinemark Holdings Inc faced a substantial decrease in profitability with a large negative operating profit margin of -91.73%, reflecting significant operating losses during that period. However, the company had a positive operating profit margin of 12.41% in 2019, indicating healthier profitability levels compared to the following years.
Overall, Cinemark Holdings Inc's operating profit margin has shown volatility over the analyzed period, with varying levels of profitability achieved annually. It is essential for the company to maintain a sustainable and positive operating profit margin to ensure efficient operations and long-term financial stability.