Sensata Technologies Holding NV (ST)

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		3.91	4.04	4.20	4.14	4.21	3.93	3.95	4.00	4.32	4.59	4.83	4.67	4.70	4.71	4.28	4.38	4.48	4.48	4.61	4.68
DOH	days	93.25	90.27	86.95	88.20	86.79	92.81	92.46	91.35	84.45	79.50	75.53	78.15	77.68	77.43	85.36	83.31	81.56	81.42	79.23	78.01

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 a fluctuating trend over the past eight quarters. The company experienced an upward trend in inventory holding period from Q4 2022 to Q1 2023, with DOH increasing from 86.79 days to 88.20 days. However, in the following quarters, Q2 and Q3 2023, the DOH decreased to 86.95 days and 90.27 days, respectively.

The most recent data from Q4 2023 indicates that Sensata Technologies Holding Plc's DOH increased to 93.25 days, showing a reversal in the decreasing trend observed in the preceding quarters. This suggests that the company may be holding inventory for a longer period in Q4 2023 compared to the earlier quarters, which could potentially tie up more capital and lead to higher carrying costs.

Overall, Sensata Technologies Holding Plc's DOH has been relatively stable with some fluctuations over the analyzed periods. Further analysis and comparison with industry benchmarks would provide additional insights into the company's inventory management efficiency and effectiveness.