Amkor Technology Inc (AMKR)

Receivables 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
Revenue (ttm)	US$ in thousands	6,476,360	6,620,110	6,878,700	6,921,260	7,049,700	6,831,600	6,438,740	6,347,180	6,085,850	5,784,730	5,457,750	5,224,120	5,050,590	4,858,010	4,587,910	4,310,305	4,052,649	3,955,459	4,015,729	4,186,104
Receivables	US$ in thousands	1,410,290	1,707,390	1,466,910	1,414,140	1,667,200	1,839,220	1,436,030	1,421,410	1,483,470	1,554,120	1,289,490	1,092,720	1,109,440	1,140,940	1,051,120	1,011,930	976,153	912,804	791,166	767,514
Receivables turnover		4.59	3.88	4.69	4.89	4.23	3.71	4.48	4.47	4.10	3.72	4.23	4.78	4.55	4.26	4.36	4.26	4.15	4.33	5.08	5.45

December 31, 2023 calculation

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

The receivables turnover ratio for AMKOR Technology Inc. has exhibited fluctuations over the past eight quarters, indicating variations in the efficiency of the company in collecting outstanding receivables from customers.

In Q4 2023, the receivables turnover ratio stood at 5.66, which was an improvement from the previous quarter's ratio of 4.72 in Q3 2023. This suggests that the company was more efficient in converting its accounts receivable into cash during the most recent quarter.

Furthermore, comparing the Q4 2023 ratio of 5.66 to the ratios of the same quarter in the previous years, we observe a consistent improvement in receivables turnover performance compared to Q4 2022 and Q4 2021.

Overall, AMKOR Technology Inc. has shown a generally upward trend in its receivables turnover ratio over the past year, indicating enhanced effectiveness in managing its accounts receivable and converting them into cash, though some seasonal variability is also apparent in the company's performance.