Aptiv PLC (APTV)

Days of inventory on hand (DOH)

		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
Inventory turnover		7.75	7.07	7.73	7.79	7.80	7.51	7.45	6.80	6.98	6.96	6.50	6.45	7.24	6.83	7.71	7.96	8.58	8.63	8.63	8.42
DOH	days	47.09	51.61	47.19	46.86	46.82	48.59	48.97	53.68	52.26	52.42	56.18	56.58	50.42	53.45	47.33	45.83	42.55	42.31	42.28	43.36

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 7.75
= 47.09

Days of Inventory on Hand (DOH) is a key financial ratio that measures the number of days a company takes to sell its average inventory over a specific period. For Aptiv PLC, the DOH has shown some fluctuations over the periods provided in the data.

From March 31, 2020, to September 30, 2021, the DOH remained relatively stable between 42 and 47 days, indicating that Aptiv was able to effectively manage its inventory turnover during this period. However, from March 31, 2022, to September 30, 2024, there was a noticeable increase in the DOH, reaching a peak of 56.58 days on March 31, 2022. This suggests that Aptiv may have been holding onto its inventory for a longer period, potentially pointing to issues such as overstocking or slowing sales.

The DOH then decreased from March 31, 2024, to December 31, 2024, which could indicate improvements in inventory management efficiency. Overall, Aptiv should monitor its DOH closely to ensure optimal inventory turnover and avoid any potential negative impacts on its working capital and profitability.