Amkor Technology Inc (AMKR)
Total asset 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 |
| Total assets | US$ in thousands | 6,771,120 | 6,821,760 | 6,038,550 | 5,022,310 | 4,695,620 |
| Total asset turnover | 0.96 | 1.03 | 1.01 | 0.99 | 0.86 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $6,476,360K ÷ $6,771,120K
= 0.96
AMKOR Technology Inc.'s total asset turnover has shown fluctuating trends over the past five years. The ratio peaked at 1.04 in 2022 before dropping slightly to 1.02 in 2021 and further to 1.01 in 2020. The company experienced a significant decrease in total asset turnover in 2019 when the ratio was at 0.86.
A total asset turnover ratio of less than 1 indicates that the company is generating less revenue relative to its total assets. In the case of AMKOR Technology Inc., the ratios above 1 in recent years suggest that the company is effectively utilizing its assets to generate revenue.
While the fluctuations in the total asset turnover ratio may be indicative of changes in the company's asset management efficiency and revenue generation strategies, further analysis and comparison with industry benchmarks and competitors would provide a more comprehensive understanding of AMKOR Technology Inc.'s operational performance.
Peer comparison
Dec 31, 2023