Aptiv PLC (APTV)

Days of inventory on hand (DOH)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Inventory turnover		8.12	7.23	7.48	8.58	9.11
DOH	days	44.98	50.51	48.83	42.55	40.08

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 8.12
= 44.98

The days of inventory on hand (DOH) for Aptiv PLC have shown some fluctuations over the past five years.

- In 2019, the company had 40.08 days of inventory on hand, which increased to 42.55 days in 2020. This rise indicates that the company held inventory for a slightly longer period in 2020 compared to 2019.
- Subsequently, in 2021, the DOH further increased to 55.77 days, signifying a notable increase in the time the company held its inventory. This could suggest potential inefficiencies in inventory management.
- However, in 2022, the DOH decreased to 57.50 days, indicating a reduction in the time inventory was held, potentially due to improvements in inventory management practices.
- Lastly, in 2023, the DOH dropped to 51.96 days, still higher than the levels seen in 2019 and 2020 but lower than the peak in 2021, suggesting some optimization in managing inventory levels compared to the previous year.

Overall, Aptiv PLC has experienced fluctuations in its DOH over the years, with variations suggesting changes in inventory management strategies and efficiency levels. Further analysis would be beneficial to determine the underlying reasons for these fluctuations and assess the effectiveness of the company's inventory management practices.