Amkor Technology Inc (AMKR)

Days of inventory on hand (DOH)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Inventory turnover		15.00	9.64	10.77	15.06	15.43
DOH	days	24.33	37.87	33.88	24.24	23.66

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 15.00
= 24.33

AMKOR Technology Inc.'s days of inventory on hand (DOH) has fluctuated over the past five years. In 2023, the company had an inventory turnover of 25.81 days, a decrease from 39.88 days in 2022. This implies that the company has been more efficient in managing its inventory in 2023 compared to the previous year. However, the DOH was higher in 2021 at 36.03 days compared to 2020 at 26.15 days, indicating a decrease in inventory turnover efficiency that year. In 2019, the company had the lowest DOH at 23.66 days, suggesting a high level of inventory turnover efficiency that year.

Overall, the trend in AMKOR Technology Inc.'s DOH indicates some variability in inventory management over the past five years. Investors and stakeholders may want to further investigate the drivers behind these fluctuations to assess the company's effectiveness in managing its inventory levels.