Sensata Technologies Holding NV (ST)

Receivables 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
Receivables	US$ in thousands	744,129	766,835	772,427	759,752	742,382	722,934	743,048	693,568	653,438	662,751	694,317	641,161	576,647	565,184	443,712	536,416	557,874	596,814	635,544	633,006
Receivables turnover		5.21	5.12	5.09	5.11	5.19	5.21	4.98	5.30	5.57	5.52	5.10	4.94	5.28	5.28	6.87	6.25	6.19	5.78	5.47	5.54

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $3,876,366K ÷ $744,129K
= 5.21

Sensata Technologies Holding Plc has maintained a relatively stable receivables turnover ratio over the past eight quarters, ranging from 5.22 to 5.56. The receivables turnover indicates how efficiently the company is collecting payments from its customers. A higher turnover ratio generally suggests that the company is effective in collecting outstanding receivables in a timely manner.

The consistent range of the receivables turnover ratio for Sensata Technologies Holding Plc suggests that the company has been effective in managing its accounts receivable and converting them into cash. This stable performance indicates that the company has good credit control policies in place and is successful in managing its customer credit effectively. However, it is important for the company to monitor this ratio regularly to ensure that it remains at an optimal level and does not indicate potential issues with customers' ability to pay.