Aptiv PLC (APTV)
Inventory turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 17,983,000 | 18,035,000 | 18,330,000 | 18,468,000 | 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 |
| Inventory | US$ in thousands | 2,320,000 | 2,550,000 | 2,370,000 | 2,371,000 | 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 |
| 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 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $17,983,000K ÷ $2,320,000K
= 7.75
The inventory turnover ratio for Aptiv PLC has been relatively stable over the analyzed period, ranging from a high of 8.63 in June 2020 to a low of 6.45 in March 2022. This ratio measures how efficiently the company manages its inventory by showing how many times a company sells and replaces its inventory over a specific period.
A downward trend in the inventory turnover ratio from 8.63 in June 2020 to 6.45 in March 2022 may indicate potential issues with managing inventory levels, such as overstocking or slowing sales. However, there was a slight recovery in the ratio in the following periods.
It is noteworthy that the inventory turnover ratio improved to 7.45 in June 2023, reflecting a positive trend. This improvement suggests that Aptiv PLC may have implemented better inventory management practices, leading to a more efficient use of its inventory.
Overall, the inventory turnover ratio for Aptiv PLC indicates that the company is effectively managing its inventory turnover, with periodic fluctuations possibly reflecting changes in demand, production, or supply chain dynamics. Monitoring this ratio over time can help assess the company's efficiency in managing its inventory levels.
Peer comparison
Dec 31, 2024
Dec 31, 2024