Amkor Technology Inc (AMKR)

Receivables turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	US$ in thousands	6,476,360	7,049,700	6,085,840	4,981,050	4,052,650
Receivables	US$ in thousands	1,410,290	1,667,200	1,483,470	1,109,440	976,153
Receivables turnover		4.59	4.23	4.10	4.49	4.15

December 31, 2023 calculation

Receivables turnover = Revenue ÷ Receivables
= $6,476,360K ÷ $1,410,290K
= 4.59

AMKOR Technology Inc.'s receivables turnover has shown a generally increasing trend over the past five years, demonstrating the company's ability to efficiently convert its accounts receivables into cash. The receivables turnover ratio has improved from 4.76 in 2019 to 5.66 in 2023, indicating that the company is collecting its receivables more frequently and effectively.

A higher receivables turnover ratio is generally viewed positively as it suggests that the company is managing its accounts receivables efficiently and collecting payments from its customers in a timely manner. This can also indicate strong customer credit policies and effective collections practices.

However, it is essential to compare the receivables turnover ratio with industry benchmarks and competitors to gain a better perspective on AMKOR Technology Inc.'s performance in this area. Additionally, analyzing other liquidity and profitability ratios alongside the receivables turnover ratio would provide a more comprehensive assessment of the company's financial health and operational efficiency.