Amkor Price to Sales Ratio vs Asset Turnover Analysis
AMKR Stock | USD 29.46 0.50 1.73% |
Amkor Technology financial indicator trend analysis is way more than just evaluating Amkor Technology prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Amkor Technology is a good investment. Please check the relationship between Amkor Technology Price To Sales Ratio and its Asset Turnover accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Amkor Technology. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry. To learn how to invest in Amkor Stock, please use our How to Invest in Amkor Technology guide.
Price To Sales Ratio vs Asset Turnover
Price to Sales Ratio vs Asset Turnover Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Amkor Technology Price to Sales Ratio account and Asset Turnover. At this time, the significance of the direction appears to have weak relationship.
The correlation between Amkor Technology's Price to Sales Ratio and Asset Turnover is 0.3. Overlapping area represents the amount of variation of Price to Sales Ratio that can explain the historical movement of Asset Turnover in the same time period over historical financial statements of Amkor Technology, assuming nothing else is changed. The correlation between historical values of Amkor Technology's Price to Sales Ratio and Asset Turnover is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Price to Sales Ratio of Amkor Technology are associated (or correlated) with its Asset Turnover. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Asset Turnover has no effect on the direction of Price to Sales Ratio i.e., Amkor Technology's Price to Sales Ratio and Asset Turnover go up and down completely randomly.
Correlation Coefficient | 0.3 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Price To Sales Ratio
Price to Sales Ratio is figured by comparing Amkor Technology stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Amkor Technology sales, a figure that is much harder to manipulate than other Amkor Technology multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company’s stock price to its revenues, calculated by dividing the company’s market cap by its total sales or revenue over a 12-month period.Asset Turnover
The ratio of net sales to average total assets, indicating how efficiently a company uses its assets to generate sales.Most indicators from Amkor Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Amkor Technology current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Amkor Technology. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry. To learn how to invest in Amkor Stock, please use our How to Invest in Amkor Technology guide.As of 04/23/2024, Sales General And Administrative To Revenue is likely to grow to 0.10, while Selling General Administrative is likely to drop slightly above 260.1 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 1.2B | 1.3B | 943.2M | 629.3M | Total Revenue | 6.1B | 7.1B | 6.5B | 3.5B |
Amkor Technology fundamental ratios Correlations
Click cells to compare fundamentals
Amkor Technology Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Amkor Technology fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 4.7B | 5.0B | 6.0B | 6.8B | 6.8B | 3.8B | |
Short Long Term Debt Total | 1.5B | 1.2B | 1.3B | 1.4B | 1.4B | 1.6B | |
Other Current Liab | 328.1M | 500.3M | 516.0M | 467.0M | 335.9M | 268.0M | |
Total Current Liabilities | 1.1B | 1.3B | 1.7B | 1.7B | 1.4B | 870.9M | |
Total Stockholder Equity | 2.0B | 2.3B | 2.9B | 3.7B | 4.0B | 4.2B | |
Property Plant And Equipment Net | 2.6B | 2.7B | 3.0B | 3.3B | 3.4B | 2.0B | |
Current Deferred Revenue | 16.2M | 30.3M | 117.7M | 81.5M | 71.1M | 56.0M | |
Net Debt | 646.4M | 540.8M | 459.4M | 420.0M | 264.5M | 251.3M | |
Retained Earnings | 234.1M | 562.5M | 1.2B | 1.9B | 2.2B | 2.3B | |
Accounts Payable | 571.1M | 636.4M | 828.7M | 899.2M | 754.5M | 428.1M | |
Cash | 894.9M | 698.0M | 826.7M | 959.1M | 1.1B | 1.2B | |
Non Current Assets Total | 2.7B | 2.9B | 3.2B | 3.5B | 3.6B | 2.5B | |
Non Currrent Assets Other | 21.3M | 50.6M | 39.3M | 102.3M | 64.5M | 105.5M | |
Cash And Short Term Investments | 894.9M | 831.8M | 1.1B | 1.2B | 1.6B | 1.7B | |
Net Receivables | 850.8M | 962.6M | 1.3B | 1.4B | 1.1B | 1.2B | |
Common Stock Total Equity | 287K | 289K | 290K | 291K | 334.7K | 230.4K | |
Common Stock Shares Outstanding | 240.1M | 242.2M | 245.7M | 246.2M | 247.2M | 229.6M | |
Liabilities And Stockholders Equity | 4.7B | 5.0B | 6.0B | 6.8B | 6.8B | 3.8B | |
Non Current Liabilities Total | 1.6B | 1.4B | 1.4B | 1.5B | 1.4B | 1.7B | |
Inventory | 220.6M | 297.3M | 485.0M | 629.6M | 393.1M | 229.0M | |
Other Current Assets | 34.6M | 40.2M | 33.6M | 65.1M | 58.5M | 39.7M | |
Other Stockholder Equity | 1.7B | 1.7B | 1.8B | 1.8B | 1.8B | 1.6B | |
Total Liab | 2.7B | 2.7B | 3.1B | 3.1B | 2.8B | 2.5B | |
Property Plant And Equipment Gross | 2.4B | 2.7B | 3.0B | 3.3B | 10.1B | 10.6B | |
Total Current Assets | 2.0B | 2.1B | 2.9B | 3.3B | 3.2B | 3.4B | |
Accumulated Other Comprehensive Income | 19.1M | 27.3M | 20.0M | 16.7M | 16.3M | 17.2M | |
Short Term Debt | 144.5M | 149.0M | 217.2M | 214.8M | 223.0M | 114.8M | |
Common Stock | 287K | 289K | 290K | 291K | 292K | 233.8K | |
Good Will | 26.0M | 27.3M | 24.5M | 21.5M | 20.0M | 19.0M | |
Other Liab | 234.6M | 262.6M | 317.3M | 240.5M | 276.6M | 195.4M | |
Other Assets | 114.7M | 296.1M | 126.7M | 192.2M | 221.1M | 121.0M | |
Long Term Debt | 1.3B | 1.0B | 985.0M | 1.1B | 1.1B | 1.2B | |
Property Plant Equipment | 2.6B | 2.7B | 3.0B | 3.3B | 3.8B | 2.1B | |
Net Tangible Assets | 1.9B | 2.3B | 2.9B | 3.6B | 4.2B | 4.4B | |
Noncontrolling Interest In Consolidated Entity | 26.5M | 28.3M | 30.3M | 30.9M | 35.6M | 20.6M | |
Retained Earnings Total Equity | 234.1M | 562.5M | 1.2B | 1.9B | 2.2B | 2.3B | |
Capital Surpluse | 1.9B | 2.0B | 2.0B | 2.0B | 2.3B | 2.0B |
Pair Trading with Amkor Technology
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Amkor Technology position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Amkor Technology will appreciate offsetting losses from the drop in the long position's value.Moving together with Amkor Stock
0.61 | HPQ | HP Inc Sell-off Trend | PairCorr |
Moving against Amkor Stock
0.42 | MRK | Merck Company Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Amkor Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Amkor Technology when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Amkor Technology - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Amkor Technology to buy it.
The correlation of Amkor Technology is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Amkor Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Amkor Technology moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Amkor Technology can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Amkor Technology. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry. To learn how to invest in Amkor Stock, please use our How to Invest in Amkor Technology guide.You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
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Is Amkor Technology's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Amkor Technology. If investors know Amkor will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Amkor Technology listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.28) | Dividend Share 0.304 | Earnings Share 1.46 | Revenue Per Share 26.475 | Quarterly Revenue Growth (0.08) |
The market value of Amkor Technology is measured differently than its book value, which is the value of Amkor that is recorded on the company's balance sheet. Investors also form their own opinion of Amkor Technology's value that differs from its market value or its book value, called intrinsic value, which is Amkor Technology's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Amkor Technology's market value can be influenced by many factors that don't directly affect Amkor Technology's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Amkor Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Amkor Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Amkor Technology's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.