Amkor Technology Inc (AMKR)
Working capital turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 6,317,690 | 6,440,380 | 6,400,580 | 6,397,030 | 6,503,060 | 6,657,460 | 6,919,360 | 6,966,310 | 7,091,590 | 6,910,020 | 6,507,330 | 6,409,000 | 6,138,330 | 5,784,730 | 5,457,750 | 5,224,120 | 5,050,590 | 4,858,010 | 4,587,910 | 4,310,305 |
| Total current assets | US$ in thousands | 3,073,470 | 3,244,320 | 3,136,840 | 3,045,020 | 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 |
| Total current liabilities | US$ in thousands | 1,455,280 | 1,572,830 | 1,506,600 | 1,303,200 | 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 |
| Working capital turnover | 3.90 | 3.85 | 3.93 | 3.67 | 3.59 | 4.37 | 4.86 | 4.42 | 4.33 | 4.89 | 5.52 | 4.87 | 5.22 | 6.92 | 7.89 | 6.55 | 6.18 | 5.44 | 4.33 | 3.90 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $6,317,690K ÷ ($3,073,470K – $1,455,280K)
= 3.90
The working capital turnover ratio for Amkor Technology Inc has shown fluctuations over the given period, ranging from a low of 3.59 to a high of 7.89. A higher working capital turnover ratio indicates that the company is efficiently utilizing its working capital to generate sales revenue.
Amkor's working capital turnover ratio was relatively stable in the range of 4 to 5 in the earlier years but experienced a significant increase in the middle of the period, peaking at 7.89 by June 30, 2021. This suggests that the company was able to generate sales revenue more efficiently during this period.
However, the ratio decreased after June 30, 2021, and fluctuated between 4 and 6 for the remaining years, indicating a potential change in the company's working capital management efficiency. The ratio dropped to 3.59 by December 31, 2023, before slightly recovering in the following quarters.
Overall, the trend in Amkor's working capital turnover ratio suggests that the company may have experienced varying levels of efficiency in utilizing its working capital to support sales activities during the analyzed period.
Peer comparison
Dec 31, 2024