Aptiv PLC (APTV)

Days of inventory on hand (DOH)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Inventory turnover		8.04	8.12	7.23	7.48	8.58
DOH	days	45.41	44.98	50.51	48.83	42.55

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 8.04
= 45.41

Days of Inventory on Hand (DOH) is a measure that indicates how many days, on average, a company holds its inventory before selling it. For Aptiv PLC, the trend in DOH over the past five years shows variability.

In December 2020, Aptiv had an average of 42.55 days of inventory on hand, which increased to 48.83 days by December 2021. This increase suggests that Aptiv was holding onto its inventory for a longer period in 2021 compared to 2020. Further, by December 2022, the DOH rose to 50.51 days, indicating a continued trend of holding onto inventory.

However, there was a slight decrease in DOH by December 2023, with the company having 44.98 days of inventory on hand. This decrease could suggest improvements in inventory management efficiency or perhaps changes in demand patterns impacting inventory levels.

By December 2024, Aptiv's DOH was relatively stable at 45.41 days, showing a slight increase from the previous year. Overall, Aptiv's DOH indicates fluctuations in inventory management over the past five years, with some years showing increases while others showing decreases. Further analysis would be needed to understand the factors driving these fluctuations and to evaluate the company's inventory management performance effectively.