Amkor Technology Inc (AMKR)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 7.82 | 6.75 | 6.31 | 7.03 | 5.96 | |
| Number of days of payables | days | 46.69 | 54.08 | 57.89 | 51.88 | 61.25 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.82
= 46.69
The number of days of payables for AMKOR Technology Inc. has shown a decreasing trend over the past five years. In 2023, the company took approximately 49.53 days to pay its suppliers, compared to 56.96 days in 2022, 61.57 days in 2021, 55.98 days in 2020, and 61.25 days in 2019.
A decreasing number of days of payables indicates that the company is taking fewer days to pay its suppliers, which can suggest improved efficiency in managing its working capital. This may be a positive signal to investors and creditors as it can free up cash for other uses or indicate stronger supplier relationships. However, it's important to consider the trend in conjunction with other financial ratios and factors to get a comprehensive understanding of the company's overall financial performance and liquidity position.
Peer comparison
Dec 31, 2023