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Reread what I said... Not that time is the only factor, but that it's an estimate based on engine speed, run time since the last change, etc. A calculation that factors multiple components, not a sensor physically looking at the oil.
I think it is a calculation thing that compares engine speed, temp, load etc.
There isn't a real good way to even measure if oil is good or bad (lubricity? clarity? foreign matter?) for a vehicle to figure it up actually judging the oil on its own.