Amkor Technology Inc (AMKR)

Payables turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cost of revenue	US$ in thousands	5,897,780	6,068,240	5,225,240	4,477,200	3,403,210
Payables	US$ in thousands	754,453	899,164	828,727	636,434	571,054
Payables turnover		7.82	6.75	6.31	7.03	5.96

December 31, 2023 calculation

Payables turnover = Cost of revenue ÷ Payables
= $5,897,780K ÷ $754,453K
= 7.82

AMKOR Technology Inc.'s payables turnover has shown an increasing trend over the past five years. The payables turnover ratio increased from 5.96 in 2019 to 7.37 in 2023. This indicates that the company is managing its accounts payable more efficiently, as it is taking fewer days to pay off its suppliers compared to the previous years. A higher payables turnover ratio suggests that the company is able to negotiate favorable credit terms with its suppliers or is managing its working capital effectively. Overall, the increasing trend in payables turnover reflects positively on AMKOR Technology Inc.'s liquidity and operational efficiency in managing its accounts payable.