Amkor Technology Inc (AMKR)

Total asset 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
Total assets	US$ in thousands	6,771,120	6,734,850	6,638,180	6,581,790	6,821,760	6,693,920	6,390,660	6,225,790	6,038,550	5,770,450	5,567,780	5,053,460	5,022,310	5,136,620	5,115,390	4,811,640	4,695,620	4,405,930	4,309,280	4,847,190
Total asset turnover		0.96	0.98	1.04	1.05	1.03	1.02	1.01	1.02	1.01	1.00	0.98	1.03	1.01	0.95	0.90	0.90	0.86	0.90	0.93	0.86

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $6,476,360K ÷ $6,771,120K
= 0.96

AMKOR Technology Inc.'s total asset turnover has been relatively stable over the last eight quarters, ranging from 0.96 to 1.06. The measure peaked in Q1 2023 at 1.06 and demonstrated an increasing trend from Q4 2022 to Q1 2023, indicating that the company generated $1.06 in revenue for every dollar of assets during that quarter. This suggests that the company efficiently utilizes its assets to generate sales. Overall, the consistent total asset turnover ratios reflect AMKOR Technology Inc.'s ability to efficiently generate revenue from its asset base.