Adjusted Financial Ratios (Summary)
Adjusted Total Asset Turnover
Adjusted Current Ratio
Adjusted Debt to Equity
Adjusted Debt to Capital
Adjusted Financial Leverage
Adjusted Net Profit Margin
Adjusted Return on Equity (ROE)
Adjusted Return on Assets (ROA)

Amphenol Corp., adjusted financial ratios

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Activity Ratio
Total Asset Turnover
Reported	0.76	0.82	0.74	0.70	0.76
Adjusted	0.76	0.82	0.74	0.70	0.76
Liquidity Ratio
Current Ratio
Reported	2.17	2.42	2.43	2.38	1.97
Adjusted	2.19	2.44	2.45	2.40	1.99
Solvency Ratios
Debt to Equity
Reported	0.52	0.65	0.76	0.72	0.80
Adjusted	0.53	0.65	0.75	0.72	0.79
Debt to Capital
Reported	0.34	0.39	0.43	0.42	0.44
Adjusted	0.35	0.39	0.43	0.42	0.44
Financial Leverage
Reported	1.98	2.18	2.33	2.29	2.39
Adjusted	1.88	2.05	2.17	2.15	2.24
Profitability Ratios
Net Profit Margin
Reported	15.36%	15.07%	14.63%	13.99%	14.04%
Adjusted	15.06%	13.26%	14.20%	16.46%	13.83%
Return on Equity (ROE)
Reported	23.10%	27.12%	25.24%	22.35%	25.50%
Adjusted	21.57%	22.38%	22.85%	24.84%	23.66%
Return on Assets (ROA)
Reported	11.67%	12.41%	10.84%	9.76%	10.68%
Adjusted	11.46%	10.94%	10.55%	11.53%	10.57%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

Financial ratio	Description	The company
Adjusted total asset turnover	An activity ratio calculated as total revenue divided by adjusted total assets.	Amphenol Corp. adjusted total asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level.
Adjusted current ratio	A liquidity ratio calculated as adjusted current assets divided by adjusted current liabilities.	Amphenol Corp. adjusted current ratio deteriorated from 2021 to 2022 and from 2022 to 2023.
Adjusted debt-to-equity ratio	A solvency ratio calculated as adjusted total debt divided by adjusted total equity.	Amphenol Corp. adjusted debt-to-equity ratio improved from 2021 to 2022 and from 2022 to 2023.
Adjusted debt-to-capital ratio	A solvency ratio calculated as adjusted total debt divided by adjusted total debt plus adjusted total equity.	Amphenol Corp. adjusted debt-to-capital ratio improved from 2021 to 2022 and from 2022 to 2023.
Adjusted financial leverage	A measure of financial leverage calculated as adjusted total assets divided by adjusted total equity. Financial leverage is the extent to which a company can effect, through the use of debt, a proportional change in the return on common equity that is greater than a given proportional change in operating income.	Amphenol Corp. adjusted financial leverage ratio decreased from 2021 to 2022 and from 2022 to 2023.
Adjusted net profit margin	An indicator of profitability, calculated as adjusted net income divided by total revenue.	Amphenol Corp. adjusted net profit margin ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level.
Adjusted ROE	A profitability ratio calculated as adjusted net income divided by adjusted total equity.	Amphenol Corp. adjusted ROE deteriorated from 2021 to 2022 and from 2022 to 2023.
Adjusted ROA	A profitability ratio calculated as adjusted net income divided by adjusted total assets.	Amphenol Corp. adjusted ROA improved from 2021 to 2022 and from 2022 to 2023.

Amphenol Corp., Financial Ratios: Reported vs. Adjusted

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	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Reported
Selected Financial Data (US$ in thousands)
Net sales	12,554,700)	12,623,000)	10,876,300)	8,598,900)	8,225,400)
Total assets	16,526,400)	15,326,200)	14,678,400)	12,327,300)	10,815,500)
Activity Ratio
Total asset turnover¹	0.76	0.82	0.74	0.70	0.76
Adjusted
Selected Financial Data (US$ in thousands)
Net sales	12,554,700)	12,623,000)	10,876,300)	8,598,900)	8,225,400)
Adjusted total assets²	16,496,300)	15,303,200)	14,630,900)	12,274,000)	10,768,700)
Activity Ratio
Adjusted total asset turnover³	0.76	0.82	0.74	0.70	0.76

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

¹ 2023 Calculation
Total asset turnover = Net sales ÷ Total assets
= 12,554,700 ÷ 16,526,400 = 0.76

² Adjusted total assets. See details »

³ 2023 Calculation
Adjusted total asset turnover = Net sales ÷ Adjusted total assets
= 12,554,700 ÷ 16,496,300 = 0.76

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Activity ratio	Description	The company
Adjusted total asset turnover	An activity ratio calculated as total revenue divided by adjusted total assets.	Amphenol Corp. adjusted total asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level.

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Reported
Selected Financial Data (US$ in thousands)
Current assets	6,835,300)	6,479,100)	5,958,200)	5,490,800)	4,211,200)
Current liabilities	3,152,700)	2,676,100)	2,447,100)	2,304,300)	2,132,700)
Liquidity Ratio
Current ratio¹	2.17	2.42	2.43	2.38	1.97
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted current assets²	6,903,700)	6,543,000)	6,001,700)	5,535,600)	4,244,800)
Current liabilities	3,152,700)	2,676,100)	2,447,100)	2,304,300)	2,132,700)
Liquidity Ratio
Adjusted current ratio³	2.19	2.44	2.45	2.40	1.99

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

¹ 2023 Calculation
Current ratio = Current assets ÷ Current liabilities
= 6,835,300 ÷ 3,152,700 = 2.17

² Adjusted current assets. See details »

³ 2023 Calculation
Adjusted current ratio = Adjusted current assets ÷ Current liabilities
= 6,903,700 ÷ 3,152,700 = 2.19

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Liquidity ratio	Description	The company
Adjusted current ratio	A liquidity ratio calculated as adjusted current assets divided by adjusted current liabilities.	Amphenol Corp. adjusted current ratio deteriorated from 2021 to 2022 and from 2022 to 2023.

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Reported
Selected Financial Data (US$ in thousands)
Total debt	4,337,300)	4,577,700)	4,799,900)	3,866,500)	3,606,700)
Stockholders’ equity attributable to Amphenol Corporation	8,346,500)	7,015,600)	6,302,000)	5,384,900)	4,530,300)
Solvency Ratio
Debt to equity¹	0.52	0.65	0.76	0.72	0.80
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted total debt²	4,641,000)	4,871,400)	5,050,900)	4,095,600)	3,806,100)
Adjusted total equity³	8,763,400)	7,480,900)	6,755,800)	5,697,700)	4,809,800)
Solvency Ratio
Adjusted debt to equity⁴	0.53	0.65	0.75	0.72	0.79

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

¹ 2023 Calculation
Debt to equity = Total debt ÷ Stockholders’ equity attributable to Amphenol Corporation
= 4,337,300 ÷ 8,346,500 = 0.52

² Adjusted total debt. See details »

³ Adjusted total equity. See details »

⁴ 2023 Calculation
Adjusted debt to equity = Adjusted total debt ÷ Adjusted total equity
= 4,641,000 ÷ 8,763,400 = 0.53

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Solvency ratio	Description	The company
Adjusted debt-to-equity ratio	A solvency ratio calculated as adjusted total debt divided by adjusted total equity.	Amphenol Corp. adjusted debt-to-equity ratio improved from 2021 to 2022 and from 2022 to 2023.

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Reported
Selected Financial Data (US$ in thousands)
Total debt	4,337,300)	4,577,700)	4,799,900)	3,866,500)	3,606,700)
Total capital	12,683,800)	11,593,300)	11,101,900)	9,251,400)	8,137,000)
Solvency Ratio
Debt to capital¹	0.34	0.39	0.43	0.42	0.44
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted total debt²	4,641,000)	4,871,400)	5,050,900)	4,095,600)	3,806,100)
Adjusted total capital³	13,404,400)	12,352,300)	11,806,700)	9,793,300)	8,615,900)
Solvency Ratio
Adjusted debt to capital⁴	0.35	0.39	0.43	0.42	0.44

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

¹ 2023 Calculation
Debt to capital = Total debt ÷ Total capital
= 4,337,300 ÷ 12,683,800 = 0.34

² Adjusted total debt. See details »

³ Adjusted total capital. See details »

⁴ 2023 Calculation
Adjusted debt to capital = Adjusted total debt ÷ Adjusted total capital
= 4,641,000 ÷ 13,404,400 = 0.35

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Solvency ratio	Description	The company
Adjusted debt-to-capital ratio	A solvency ratio calculated as adjusted total debt divided by adjusted total debt plus adjusted total equity.	Amphenol Corp. adjusted debt-to-capital ratio improved from 2021 to 2022 and from 2022 to 2023.

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Reported
Selected Financial Data (US$ in thousands)
Total assets	16,526,400)	15,326,200)	14,678,400)	12,327,300)	10,815,500)
Stockholders’ equity attributable to Amphenol Corporation	8,346,500)	7,015,600)	6,302,000)	5,384,900)	4,530,300)
Solvency Ratio
Financial leverage¹	1.98	2.18	2.33	2.29	2.39
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted total assets²	16,496,300)	15,303,200)	14,630,900)	12,274,000)	10,768,700)
Adjusted total equity³	8,763,400)	7,480,900)	6,755,800)	5,697,700)	4,809,800)
Solvency Ratio
Adjusted financial leverage⁴	1.88	2.05	2.17	2.15	2.24

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

¹ 2023 Calculation
Financial leverage = Total assets ÷ Stockholders’ equity attributable to Amphenol Corporation
= 16,526,400 ÷ 8,346,500 = 1.98

² Adjusted total assets. See details »

³ Adjusted total equity. See details »

⁴ 2023 Calculation
Adjusted financial leverage = Adjusted total assets ÷ Adjusted total equity
= 16,496,300 ÷ 8,763,400 = 1.88

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Solvency ratio	Description	The company
Adjusted financial leverage	A measure of financial leverage calculated as adjusted total assets divided by adjusted total equity. Financial leverage is the extent to which a company can effect, through the use of debt, a proportional change in the return on common equity that is greater than a given proportional change in operating income.	Amphenol Corp. adjusted financial leverage ratio decreased from 2021 to 2022 and from 2022 to 2023.

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Reported
Selected Financial Data (US$ in thousands)
Net income attributable to Amphenol Corporation	1,928,000)	1,902,300)	1,590,800)	1,203,400)	1,155,000)
Net sales	12,554,700)	12,623,000)	10,876,300)	8,598,900)	8,225,400)
Profitability Ratio
Net profit margin¹	15.36%	15.07%	14.63%	13.99%	14.04%
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted net income²	1,890,200)	1,674,000)	1,544,000)	1,415,500)	1,137,800)
Net sales	12,554,700)	12,623,000)	10,876,300)	8,598,900)	8,225,400)
Profitability Ratio
Adjusted net profit margin³	15.06%	13.26%	14.20%	16.46%	13.83%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

¹ 2023 Calculation
Net profit margin = 100 × Net income attributable to Amphenol Corporation ÷ Net sales
= 100 × 1,928,000 ÷ 12,554,700 = 15.36%

² Adjusted net income. See details »

³ 2023 Calculation
Adjusted net profit margin = 100 × Adjusted net income ÷ Net sales
= 100 × 1,890,200 ÷ 12,554,700 = 15.06%

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Profitability ratio	Description	The company
Adjusted net profit margin	An indicator of profitability, calculated as adjusted net income divided by total revenue.	Amphenol Corp. adjusted net profit margin ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level.

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Reported
Selected Financial Data (US$ in thousands)
Net income attributable to Amphenol Corporation	1,928,000)	1,902,300)	1,590,800)	1,203,400)	1,155,000)
Stockholders’ equity attributable to Amphenol Corporation	8,346,500)	7,015,600)	6,302,000)	5,384,900)	4,530,300)
Profitability Ratio
ROE¹	23.10%	27.12%	25.24%	22.35%	25.50%
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted net income²	1,890,200)	1,674,000)	1,544,000)	1,415,500)	1,137,800)
Adjusted total equity³	8,763,400)	7,480,900)	6,755,800)	5,697,700)	4,809,800)
Profitability Ratio
Adjusted ROE⁴	21.57%	22.38%	22.85%	24.84%	23.66%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

¹ 2023 Calculation
ROE = 100 × Net income attributable to Amphenol Corporation ÷ Stockholders’ equity attributable to Amphenol Corporation
= 100 × 1,928,000 ÷ 8,346,500 = 23.10%

² Adjusted net income. See details »

³ Adjusted total equity. See details »

⁴ 2023 Calculation
Adjusted ROE = 100 × Adjusted net income ÷ Adjusted total equity
= 100 × 1,890,200 ÷ 8,763,400 = 21.57%

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Profitability ratio	Description	The company
Adjusted ROE	A profitability ratio calculated as adjusted net income divided by adjusted total equity.	Amphenol Corp. adjusted ROE deteriorated from 2021 to 2022 and from 2022 to 2023.

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Reported
Selected Financial Data (US$ in thousands)
Net income attributable to Amphenol Corporation	1,928,000)	1,902,300)	1,590,800)	1,203,400)	1,155,000)
Total assets	16,526,400)	15,326,200)	14,678,400)	12,327,300)	10,815,500)
Profitability Ratio
ROA¹	11.67%	12.41%	10.84%	9.76%	10.68%
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted net income²	1,890,200)	1,674,000)	1,544,000)	1,415,500)	1,137,800)
Adjusted total assets³	16,496,300)	15,303,200)	14,630,900)	12,274,000)	10,768,700)
Profitability Ratio
Adjusted ROA⁴	11.46%	10.94%	10.55%	11.53%	10.57%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

¹ 2023 Calculation
ROA = 100 × Net income attributable to Amphenol Corporation ÷ Total assets
= 100 × 1,928,000 ÷ 16,526,400 = 11.67%

² Adjusted net income. See details »

³ Adjusted total assets. See details »

⁴ 2023 Calculation
Adjusted ROA = 100 × Adjusted net income ÷ Adjusted total assets
= 100 × 1,890,200 ÷ 16,496,300 = 11.46%

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Profitability ratio	Description	The company
Adjusted ROA	A profitability ratio calculated as adjusted net income divided by adjusted total assets.	Amphenol Corp. adjusted ROA improved from 2021 to 2022 and from 2022 to 2023.

Amphenol Corp. (NYSE:APH)

Adjusted Financial Ratios

Adjusted Financial Ratios (Summary)

Amphenol Corp., Financial Ratios: Reported vs. Adjusted

Adjusted Total Asset Turnover

Adjusted Current Ratio

Adjusted Debt to Equity

Adjusted Debt to Capital

Adjusted Financial Leverage

Adjusted Net Profit Margin

Adjusted Return on Equity (ROE)

Adjusted Return on Assets (ROA)