Amkor Technology Inc (AMKR)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 6,317,690 | 6,503,060 | 7,091,580 | 6,138,330 | 5,050,590 |
| Total assets | US$ in thousands | 6,944,330 | 6,771,120 | 6,821,760 | 6,038,550 | 5,022,310 |
| Total asset turnover | 0.91 | 0.96 | 1.04 | 1.02 | 1.01 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $6,317,690K ÷ $6,944,330K
= 0.91
Based on the provided data, Amkor Technology Inc's total asset turnover has shown some fluctuations over the years. The total asset turnover ratio measures the company's efficiency in generating sales from its total assets.
- In December 2020, the total asset turnover was 1.01, indicating that the company generated $1.01 in sales for every dollar of total assets it had at that time.
- By December 2021, the ratio slightly improved to 1.02, suggesting a slightly better efficiency in utilizing its assets to generate sales.
- In December 2022, the total asset turnover further increased to 1.04, signifying an improvement in the company's ability to generate sales from its assets.
- However, by December 2023, the ratio decreased to 0.96, indicating a decline in the company's efficiency in utilizing its assets to generate sales.
- The trend continued in December 2024, with the total asset turnover ratio falling further to 0.91, showing a continued decrease in the company's efficiency in generating sales from its total assets.
Overall, the fluctuations in Amkor Technology Inc's total asset turnover ratio suggest varying levels of efficiency in utilizing its assets to generate sales over the years, with the ratio experiencing both improvements and declines. It would be essential for the company to analyze the underlying reasons for these fluctuations to maintain and enhance its operational efficiency in the future.
Peer comparison
Dec 31, 2024