Amkor Technology Inc (AMKR)

Number of days of payables

		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
Payables turnover		7.82	7.21	8.68	9.11	6.75	6.31	6.37	7.02	6.03	5.81	6.33	7.20	6.67	6.56	6.52	6.39	5.96	7.00	7.37	7.65
Number of days of payables	days	46.69	50.63	42.07	40.05	54.08	57.85	57.27	52.01	60.51	62.87	57.70	50.71	54.75	55.66	56.01	57.16	61.25	52.12	49.50	47.74

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 some fluctuations over the past eight quarters. In Q4 2023, the company had 49.53 days of payables, showing an improvement from the previous quarter. Compared to Q3 and Q2 2023, where the number of days of payables was 53.39 days and 44.29 days, respectively, this indicates a more efficient management of payables in Q4 2023.

Looking further back, in Q1 2023, the number of days of payables was 42.19 days, which was lower than the Q4 2023 figure. However, when compared to Q4 2022, where the company had 56.96 days of payables, the Q4 2023 ratio still represents an improvement over the same quarter in the previous year.

Analyzing the trend over the past eight quarters, it is evident that there have been fluctuations in the number of days of payables, with some quarters displaying a more efficient management of payables compared to others. This ratio is important as it reflects the company's ability to manage its payment obligations to suppliers and can indicate the efficiency of its working capital management. The company may need to continue monitoring and evaluating its payables turnover to ensure optimal management of its cash flow and relationships with suppliers.