Amkor Technology Inc (AMKR)
Working capital 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 current assets | US$ in thousands | 3,073,470 | 3,195,810 | 3,301,240 | 2,856,560 | 2,132,930 |
| Total current liabilities | US$ in thousands | 1,455,280 | 1,384,480 | 1,662,410 | 1,679,740 | 1,315,990 |
| Working capital turnover | 3.90 | 3.59 | 4.33 | 5.22 | 6.18 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $6,317,690K ÷ ($3,073,470K – $1,455,280K)
= 3.90
The working capital turnover of Amkor Technology Inc has shown a declining trend over the past five years. In 2020, the ratio stood at 6.18, indicating that the company generated $6.18 in revenue for every dollar of working capital invested. However, this ratio decreased to 5.22 in 2021, 4.33 in 2022, 3.59 in 2023, before slightly improving to 3.90 in 2024.
This declining trend suggests that the company may be becoming less efficient in utilizing its working capital to generate sales revenue. A lower working capital turnover ratio could indicate inefficiencies in managing current assets and liabilities, which can lead to increased financial risk and potential liquidity issues. Amkor Technology Inc may need to focus on optimizing its working capital management to improve efficiency and overall financial performance.
Peer comparison
Dec 31, 2024