Amkor Technology Inc (AMKR)

Payables 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
Cost of revenue (ttm)	US$ in thousands	5,897,780	5,968,560	6,086,910	6,075,580	6,068,230	5,851,710	5,477,470	5,286,610	4,998,790	4,736,370	4,493,140	4,340,009	4,243,097	4,012,717	3,801,454	3,592,716	3,403,211	3,346,632	3,388,440	3,512,556
Payables	US$ in thousands	754,453	827,854	701,610	666,615	899,164	927,527	859,455	753,279	828,727	815,877	710,326	602,962	636,434	611,965	583,341	562,633	571,054	477,900	459,548	459,383
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

December 31, 2023 calculation

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

AMKOR Technology Inc.'s payables turnover has shown some fluctuations over the past eight quarters. The payables turnover ratio, which measures how efficiently the company is managing its accounts payable, has generally been on an upward trend since Q4 2022.

The average payables turnover ratio over the past eight quarters stands at approximately 7.08. This indicates that, on average, the company is able to turn over its accounts payable approximately 7.08 times in a year.

A higher payables turnover ratio suggests that the company is managing its suppliers well and paying its bills in a timely manner. It can also indicate a more efficient use of working capital.

Overall, the steady increase in payables turnover from Q4 2022 to Q1 2023 suggests that AMKOR Technology Inc. is becoming more efficient in managing its accounts payable, which may positively impact its cash flow and financial performance.