Aptiv PLC (APTV)
Inventory turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 18,438,000 | 18,268,000 | 17,738,000 | 16,896,000 | 16,342,000 | 16,058,000 | 15,346,000 | 14,914,000 | 14,579,000 | 14,469,000 | 13,890,000 | 12,146,000 | 11,126,000 | 10,602,000 | 10,463,000 | 11,474,000 | 11,711,000 | 11,769,000 | 11,721,000 | 11,721,000 |
| Inventory | US$ in thousands | 2,365,000 | 2,432,000 | 2,380,000 | 2,485,000 | 2,340,000 | 2,306,000 | 2,362,000 | 2,312,000 | 2,014,000 | 2,119,000 | 1,801,000 | 1,525,000 | 1,297,000 | 1,229,000 | 1,212,000 | 1,363,000 | 1,286,000 | 1,345,000 | 1,304,000 | 1,326,000 |
| 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 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $18,438,000K ÷ $2,365,000K
= 7.80
Inventory turnover is a key financial ratio that measures how efficiently a company manages its inventory by calculating how many times during a period the company sells and replaces its inventory. For Aptiv PLC, the inventory turnover has been relatively consistent over the past 8 quarters, ranging from 5.83 to 7.02. A higher inventory turnover generally indicates more efficient inventory management.
In the latest quarter of Q4 2023, Aptiv PLC achieved an inventory turnover of 7.02, which means that the company sold and replaced its inventory approximately 7.02 times during the quarter. This is a positive sign as it shows that Aptiv PLC is effectively managing its inventory levels.
However, it is important to monitor changes in inventory turnover over time to ensure that the company is maintaining efficient inventory management practices. Consistent monitoring of inventory turnover can help identify any potential issues such as excess inventory levels or slow-moving inventory that could impact the company's financial performance.
Peer comparison
Dec 31, 2023
Dec 31, 2023