Amkor Technology Inc (AMKR)
Fixed asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 6,476,360 | 7,049,700 | 6,085,840 | 4,981,050 | 4,052,650 |
| Property, plant and equipment | US$ in thousands | 3,299,440 | 3,135,610 | 2,871,060 | 2,566,000 | 2,404,850 |
| Fixed asset turnover | 1.96 | 2.25 | 2.12 | 1.94 | 1.69 |
December 31, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $6,476,360K ÷ $3,299,440K
= 1.96
The fixed asset turnover ratio measures the efficiency of AMKOR Technology Inc. in generating revenue from its fixed assets over the past five years. A higher ratio indicates that the company is utilizing its fixed assets more effectively to generate sales revenue.
AMKOR's fixed asset turnover ratio has fluctuated over the five-year period, ranging from 1.69 in 2019 to 2.26 in 2022. The ratio decreased to 1.97 in 2020, increased to 2.14 in 2021, and then slightly declined to 1.97 in 2023.
Despite some fluctuations, the trend indicates that AMKOR has generally improved its efficiency in generating revenue from fixed assets over the years. The company was able to generate $1.97 in revenue for every dollar invested in fixed assets in 2023.
Overall, the trend in the fixed asset turnover ratio suggests that AMKOR is effectively utilizing its fixed assets to drive revenue growth, albeit with some variability in performance over the years.
Peer comparison
Dec 31, 2023