Aptiv PLC (APTV)

Days of inventory on hand (DOH)

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Inventory turnover		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	9.11	8.75	8.99	8.84
DOH	days	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	40.08	41.71	40.61	41.29

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 7.80
= 46.82

The days of inventory on hand (DOH) for Aptiv PLC has shown a fluctuating trend over the past eight quarters. In Q4 2023, the company had 51.96 days of inventory on hand, which was lower compared to the previous three quarters. This suggests that the company efficiently managed its inventory levels during this period.

The DOH increased in Q1 2023 to 59.19 days, indicating that the company may have experienced challenges in managing its inventory efficiently during that quarter. This was also higher compared to the DOH in the previous quarter.

Despite the fluctuations, the DOH for Aptiv PLC generally ranged between 51.96 days to 62.63 days over the past eight quarters. A lower DOH indicates that the company is efficiently turning over its inventory, while a higher DOH may suggest potential issues such as overstocking or slow-moving inventory.

Overall, Aptiv PLC should continue to monitor its inventory management practices to ensure optimal levels that support operations effectively and do not tie up excessive capital in inventory.