Amkor Technology Inc (AMKR)
Activity ratios
Short-term
Turnover ratios
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 17.32 | 15.66 | 14.30 | 16.45 | 14.14 | 11.84 | 10.82 | 10.14 | 9.15 | 8.30 | 8.24 | 9.92 | 10.13 | 10.41 | 11.76 | 13.81 | 13.96 | 13.38 | 12.39 | 15.08 |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Working capital turnover | 3.90 | 3.85 | 3.93 | 3.67 | 3.59 | 4.37 | 4.86 | 4.42 | 4.33 | 4.89 | 5.52 | 4.87 | 5.22 | 6.92 | 7.89 | 6.55 | 6.18 | 5.44 | 4.33 | 3.90 |
Amkor Technology Inc's inventory turnover ratio has shown a declining trend from March 2024 to December 2024, indicating that the company's ability to sell through its inventory has been decreasing. The ratio was at its lowest at 8.24 in June 2022 but then increased to 17.32 by December 2024, showing an improvement.
The receivables turnover and payables turnover ratios are not provided in the data, which limits our ability to assess the efficiency of Amkor's accounts receivable and accounts payable management.
The working capital turnover ratio, which measures how efficiently the company is utilizing its working capital to generate sales, has fluctuated over the years. It peaked at 7.89 in June 2021 but steadily declined to 3.90 by December 2024. This indicates a decrease in the company's efficiency in generating sales relative to its working capital.
Overall, Amkor Technology Inc's activity ratios reflect varying levels of efficiency in managing its inventory turnover and working capital turnover over the years, suggesting potential areas for the company to focus on improving operational efficiencies.
Average number of days
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 21.08 | 23.30 | 25.52 | 22.19 | 25.81 | 30.83 | 33.74 | 35.98 | 39.88 | 44.00 | 44.32 | 36.79 | 36.03 | 35.05 | 31.04 | 26.43 | 26.15 | 27.27 | 29.47 | 24.20 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Amkor Technology Inc's Days of Inventory on Hand (DOH) ratio has shown some fluctuations over the past few years. The DOH has generally increased from around 24 days in March 2020 to approximately 22 days by December 2024, with some intermittent peaks reaching around 44 days in mid-2022. This indicates that the company has been carrying inventory for a shorter period by the end of the period analyzed.
The Days of Sales Outstanding (DSO) and Number of Days of Payables ratios for Amkor Technology Inc are not provided, but typically these ratios are used to assess the efficiency of accounts receivable and accounts payable management, respectively. Without this data, it is challenging to evaluate the efficiency of the company in collecting receivables and managing payables.
Overall, based on the available DOH data, it appears that Amkor Technology Inc has made progress in optimizing its inventory management over the years, which can positively impact the company's cash flow and overall operational efficiency. However, a holistic assessment of the company's activity ratios would require the inclusion of DSO and payables turnover information.
Long-term
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fixed asset turnover | — | — | — | — | — | — | — | — | 2.14 | 2.12 | 2.02 | — | 2.03 | 1.90 | 1.81 | 1.99 | 1.86 | 1.90 | 1.86 | 1.82 |
| Total asset turnover | 0.91 | 0.92 | 0.93 | 0.96 | 0.96 | 0.99 | 1.04 | 1.06 | 1.04 | 1.03 | 1.02 | 1.03 | 1.02 | 1.00 | 0.98 | 1.03 | 1.01 | 0.95 | 0.90 | 0.90 |
Amkor Technology Inc's long-term activity ratios provide insight into how efficiently the company is utilizing its assets.
1. Fixed Asset Turnover: This ratio measures how effectively the company is generating revenue from its fixed assets. As of December 31, 2022, the fixed asset turnover ratio stood at 2.14, indicating that for every dollar invested in fixed assets, Amkor generated $2.14 in sales. The steady increase in this ratio over the years suggests improved efficiency in utilizing fixed assets to drive revenue.
2. Total Asset Turnover: This ratio evaluates the company's overall ability to generate sales from all its assets. As of December 31, 2024, the total asset turnover ratio was 0.91. This indicates that for every dollar of assets, Amkor generated $0.91 in sales. The declining trend in this ratio from 2022 to 2024 suggests a potential decrease in asset efficiency and revenue generation.
In conclusion, while Amkor has shown improved efficiency in generating revenue from fixed assets, there may be challenges in optimizing the overall utilization of its assets to drive sales, as evidenced by the decreasing trend in total asset turnover ratio in recent years. It would be important for Amkor to closely monitor and improve its asset management strategies to enhance overall operational efficiency.