Sensata Technologies Holding NV (ST)

Total asset turnover

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Revenue (ttm)	US$ in thousands	3,933,732	4,018,536	4,036,804	4,062,614	4,054,079	4,076,265	4,093,235	4,051,675	4,029,270	3,949,187	3,881,938	3,854,048	3,820,806	3,792,700	3,629,992	3,213,837	3,045,578	2,985,778	3,047,180	3,354,401
Total assets	US$ in thousands	7,143,260	7,314,330	8,189,440	7,615,950	7,680,990	8,388,340	8,392,600	8,584,850	8,756,220	8,712,620	8,606,680	8,611,390	8,613,770	8,504,760	8,418,360	7,945,190	7,844,200	7,559,490	7,084,880	6,812,820
Total asset turnover		0.55	0.55	0.49	0.53	0.53	0.49	0.49	0.47	0.46	0.45	0.45	0.45	0.44	0.45	0.43	0.40	0.39	0.39	0.43	0.49

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,933,732K ÷ $7,143,260K
= 0.55

The total asset turnover ratio for Sensata Technologies Holding NV has fluctuated over the specified time period, starting at 0.49 on March 31, 2020, declining to 0.39 by September 30, 2020, and remaining relatively stable around this level until June 30, 2021. From September 30, 2021, the ratio began to show a gradual increase, reaching 0.55 by December 31, 2024.

This ratio indicates the company's efficiency in generating sales revenue relative to its total assets. A higher total asset turnover ratio typically signifies better asset utilization and efficiency in generating revenue from investments in assets. The improving trend seen in Sensata's total asset turnover ratio suggests enhanced efficiency in utilizing its assets to generate sales over the years, which can be indicative of effective management of assets and improved operational performance.