Cinemark Holdings Inc (CNK)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 370,600 | 593,800 | 375,000 | -533,000 | -1,136,200 | 613,329 | -49,177 | -115,977 | -252,477 | -584,402 | -752,680 | -881,555 | -754,974 | -401,542 | -132,227 | 238,100 | 338,387 | 348,654 | 372,861 | 343,477 |
| 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 |
| Operating ROA | 7.96% | 37.49% | 23.47% | -33.84% | -24.58% | 12.64% | -0.98% | -2.31% | -4.83% | -11.51% | -14.44% | -16.64% | -13.57% | -6.92% | -2.32% | 4.23% | 5.81% | 6.06% | 6.32% | 5.93% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $370,600K ÷ $4,655,900K
= 7.96%
Cinemark Holdings Inc's operating return on assets (operating ROA) has shown variation over the past eight quarters. The trend indicates a gradual improvement in the company's efficiency in generating operating income from its assets.
The operating ROA increased from 1.46% in Q4 2022 to 7.69% in Q4 2023, marking a significant improvement. This suggests that the company has been able to generate higher operating income relative to its assets in the most recent quarter.
While there have been fluctuations in the operating ROA in the intervening quarters, there seems to be an overall upward trajectory in the company's operational efficiency. However, it is important to note that the operating ROA dipped to a negative figure of -2.38% in Q1 2022, which indicates that the company may have faced challenges in that specific period.
Overall, the improving trend in Cinemark Holdings Inc's operating ROA reflects positively on the company's ability to effectively utilize its assets to generate operating income. This trend is encouraging for investors and stakeholders as it demonstrates the company's efficiency in managing its operations and resources.