Sensata Technologies Holding NV (ST)

Total asset turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	US$ in thousands	3,876,360	3,985,560	3,641,520	3,045,580	3,450,630
Total assets	US$ in thousands	7,680,990	8,756,220	8,613,770	7,844,200	6,834,520
Total asset turnover		0.50	0.46	0.42	0.39	0.50

December 31, 2023 calculation

Total asset turnover = Revenue ÷ Total assets
= $3,876,360K ÷ $7,680,990K
= 0.50

Sensata Technologies Holding Plc's total asset turnover has shown a fluctuating trend over the past five years. The ratio increased from 0.39 in 2020 to 0.53 in 2023, indicating that the company generated $0.53 in revenue for every dollar of assets held in 2023. This suggests improved efficiency in utilizing its assets to generate sales. However, the total asset turnover ratio dipped in 2021 and 2022 before the recent increase in 2023. The company should continue to monitor this ratio to ensure optimal asset utilization and sustainable revenue generation.