Amkor Technology Inc (AMKR)

Working capital 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 current assets	US$ in thousands	3,195,810	3,125,640	2,999,050	3,033,600	3,301,240	3,201,150	2,963,890	2,939,560	2,856,560	2,575,120	2,371,040	2,114,050	2,132,930	2,268,570	2,341,800	2,153,700	2,001,530	1,663,000	1,513,120	2,002,930
Total current liabilities	US$ in thousands	1,384,480	1,602,090	1,576,490	1,457,550	1,662,410	1,789,160	1,784,960	1,623,120	1,679,740	1,738,980	1,679,650	1,316,860	1,315,990	1,375,370	1,282,840	1,047,750	1,059,800	992,255	1,038,890	1,467,620
Working capital turnover		3.58	4.35	4.84	4.39	4.30	4.84	5.46	4.82	5.17	6.92	7.89	6.55	6.18	5.44	4.33	3.90	4.30	5.90	8.47	7.82

December 31, 2023 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $6,476,360K ÷ ($3,195,810K – $1,384,480K)
= 3.58

AMKOR Technology Inc.'s working capital turnover has exhibited variability over the past eight quarters, ranging from a low of 3.59 in Q4 2023 to a high of 5.52 in Q2 2022. The working capital turnover ratio measures how efficiently a company is utilizing its working capital to generate sales revenue, with a higher ratio indicating better efficiency.

The downward trend in the working capital turnover from Q2 2022 to Q4 2023 suggests a potential decrease in the company's ability to efficiently utilize its current assets to support its operations and generate revenue. This trend may raise concerns about the company's liquidity and operational efficiency in the more recent quarters.

Further investigation into the factors influencing the changes in working capital turnover, such as changes in inventory management, accounts receivable collection, and accounts payable policies, would be necessary to gain a deeper understanding of AMKOR Technology Inc.'s working capital management practices and overall financial health.