Sensata Technologies Holding NV (ST)

Days of inventory on hand (DOH)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Inventory turnover		3.91	4.21	4.32	4.70	4.48
DOH	days	93.25	86.79	84.45	77.68	81.56

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.91
= 93.25

Sensata Technologies Holding Plc's Days of Inventory on Hand (DOH) has shown an increasing trend over the past five years. The company's inventory turnover has decreased from 81.56 days in 2019 to 93.25 days in 2023. This indicates that the company is taking longer to sell its inventory or is possibly carrying more inventory on hand compared to previous years.

A higher number of days of inventory on hand can tie up capital and increase carrying costs, potentially leading to reduced liquidity and profitability. It may also suggest inefficiencies in inventory management, such as overstocking or difficulties in forecasting demand accurately.

Further analysis of the company's inventory management practices, supply chain efficiency, and market demand dynamics would be required to determine the specific factors driving the increase in DOH and to implement appropriate strategies for improvement.