Amkor Technology Inc (AMKR)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 5,384,480 | 5,559,910 | 5,761,600 | 4,912,780 | 4,149,780 |
| Inventory | US$ in thousands | 310,910 | 393,128 | 629,576 | 484,959 | 297,293 |
| Inventory turnover | 17.32 | 14.14 | 9.15 | 10.13 | 13.96 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $5,384,480K ÷ $310,910K
= 17.32
The inventory turnover of Amkor Technology Inc has shown varying trends over the past five years. In December 2020, the inventory turnover ratio stood at 13.96, indicating that the company sold and replaced its inventory nearly 14 times during that year. However, the ratio decreased to 10.13 in December 2021 and further dropped to 9.15 in December 2022, suggesting a potential inefficiency in managing inventory levels.
Subsequently, there was a significant improvement in inventory turnover, reaching 14.14 in December 2023 and further rising to 17.32 in December 2024. These higher ratios suggest that Amkor Technology Inc managed its inventory more effectively during these periods, indicating a quicker turnaround in converting inventory into sales.
Overall, the fluctuations in inventory turnover ratios highlight the importance of closely monitoring and optimizing inventory management practices to ensure efficient use of company resources and maximize profitability.
Peer comparison
Dec 31, 2024