Sensata Technologies Holding NV (ST)
Total 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 |
| Total assets | US$ in thousands | 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 | 6,834,520 | 6,843,570 | 6,852,120 | 6,793,510 |
| Total asset turnover | 0.50 | 0.47 | 0.47 | 0.45 | 0.44 | 0.43 | 0.43 | 0.43 | 0.42 | 0.43 | 0.42 | 0.40 | 0.39 | 0.39 | 0.43 | 0.49 | 0.50 | 0.50 | 0.51 | 0.52 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,876,366K ÷ $7,680,990K
= 0.50
Total asset turnover is a financial ratio that measures a company's ability to generate revenue from its total assets. Sensata Technologies Holding Plc's total asset turnover ratio has been relatively stable over the last eight quarters, ranging from 0.45 to 0.53.
The upward trend in total asset turnover from Q1 2023 to Q4 2023 indicates that the company is becoming more efficient at utilizing its assets to generate sales. This improvement suggests that Sensata is generating more revenue for each dollar invested in assets.
Despite slight fluctuations, the total asset turnover ratio of Sensata Technologies Holding Plc remains within a narrow range, indicating consistency in the company's asset utilization efficiency. This steady performance suggests that the company is effectively managing its assets to drive sales growth.
Overall, the total asset turnover ratio analysis depicts Sensata Technologies Holding Plc as effectively leveraging its assets to generate revenue, which is essential for sustainable growth and profitability.
Peer comparison
Dec 31, 2023