Cinemark Holdings Inc (CNK)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 188,200 | -649,300 | -534,600 | -342,100 | -271,200 | 177,600 | 75,300 | -140,500 | -422,800 | -667,756 | -737,548 | -765,537 | -616,828 | -351,238 | -172,293 | 99,067 | 191,386 | 184,495 | 203,370 | 184,534 |
| 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 |
| ROA | 4.04% | -41.00% | -33.45% | -21.72% | -5.87% | 3.66% | 1.50% | -2.80% | -8.08% | -13.15% | -14.15% | -14.45% | -11.09% | -6.05% | -3.03% | 1.76% | 3.28% | 3.21% | 3.45% | 3.19% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $188,200K ÷ $4,655,900K
= 4.04%
Cinemark Holdings Inc's Return on Assets (ROA) has displayed varying trends over the past eight quarters. ROA provides insight into the company's ability to generate profit from its assets. In Q4 2023, the ROA was 3.82%, indicating that the company generated approximately $0.0382 in profit for every dollar of assets. This represents an improvement compared to the previous quarter where the ROA was 2.34%.
However, in Q2 2023, the ROA dropped to -0.00%, suggesting that Cinemark Holdings Inc did not generate any profit from its assets during that period. This improved in Q1 2023 to -4.01%, but the company still faced challenges in profitability. The trends in Q4 2022, Q3 2022, Q2 2022, and Q1 2022 were negative, with ROA figures of -5.78%, -3.39%, -4.33%, and -5.66% respectively, indicating that profitability was a significant concern during those periods.
Overall, Cinemark Holdings Inc's ROA has been volatile, with fluctuations in profitability levels over the past two years. The recent improvement in Q4 2023 is a positive sign, but the company needs to sustain and enhance its profitability to create more value from its assets in the future.