Sensata Technologies Holding NV (ST)

Fixed asset 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
Revenue (ttm)	US$ in thousands	3,876,366	3,923,365	3,932,383	3,884,079	3,850,443	3,769,142	3,701,614	3,673,355	3,641,515	3,658,307	3,540,736	3,169,794	3,045,578	2,985,778	3,047,180	3,354,401	3,450,631	3,451,862	3,475,699	3,505,833
Property, plant and equipment	US$ in thousands	870,033	874,126	858,760	848,033	840,819	831,587	825,862	822,633	820,933	805,202	801,342	796,419	803,825	807,092	815,872	824,553	830,998	817,040	809,092	798,001
Fixed asset turnover		4.46	4.49	4.58	4.58	4.58	4.53	4.48	4.47	4.44	4.54	4.42	3.98	3.79	3.70	3.73	4.07	4.15	4.22	4.30	4.39

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $3,876,366K ÷ $870,033K
= 4.46

Sensata Technologies Holding Plc's fixed asset turnover has shown a relatively stable trend over the past eight quarters, ranging between 4.58 to 4.79. This indicates that the company generates $4.58 to $4.79 in sales for every dollar invested in fixed assets. The consistent values suggest that Sensata is effectively utilizing its fixed assets to generate revenue. Additionally, the relatively high fixed asset turnover ratios imply that Sensata is efficiently managing its fixed assets to generate sales, which is a positive sign for investors and creditors. Overall, the company's ability to generate revenue from its fixed assets remains strong and stable based on the data provided.