Amkor Technology Inc (AMKR)

Fixed asset turnover

		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
Revenue (ttm)	US$ in thousands	6,476,360	6,620,110	6,878,700	6,921,260	7,049,700	6,831,600	6,438,740	6,347,180	6,085,850	5,784,730	5,457,750	5,224,120	5,050,590	4,858,010	4,587,910	4,310,305	4,052,649	3,955,459	4,015,729	4,186,104
Property, plant and equipment	US$ in thousands	3,299,440	3,321,470	3,309,590	3,185,280	3,135,610	3,087,060	3,059,980	2,938,740	2,871,060	2,901,560	2,873,570	2,623,470	2,566,000	2,560,200	2,471,980	2,367,750	2,404,850	2,466,070	2,515,530	2,564,180
Fixed asset turnover		1.96	1.99	2.08	2.17	2.25	2.21	2.10	2.16	2.12	1.99	1.90	1.99	1.97	1.90	1.86	1.82	1.69	1.60	1.60	1.63

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $6,476,360K ÷ $3,299,440K
= 1.96

The fixed asset turnover ratio for AMKOR Technology Inc. has been relatively stable over the past eight quarters, ranging from 1.97 to 2.26. This ratio indicates how efficiently the company is utilizing its fixed assets to generate revenue.

A fixed asset turnover ratio of above 1 suggests that the company is generating more revenue per dollar of fixed assets, which is generally favorable. The consistent values of this ratio over time suggest that AMKOR Technology Inc. has been effectively managing and utilizing its fixed assets to generate sales.

An increasing trend in the fixed asset turnover ratio indicates that the company is becoming more efficient in generating revenue from its fixed assets, which could be a positive sign of operational efficiency and profitability.

Overall, based on the fixed asset turnover ratios provided, AMKOR Technology Inc. appears to be efficiently utilizing its fixed assets to support revenue generation across the observed quarters.