Sensata Technologies Holding NV (ST)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -3,909 | 310,685 | 363,580 | 164,286 | 282,714 |
| Revenue | US$ in thousands | 3,876,360 | 3,985,560 | 3,641,520 | 3,045,580 | 3,450,630 |
| Net profit margin | -0.10% | 7.80% | 9.98% | 5.39% | 8.19% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $-3,909K ÷ $3,876,360K
= -0.10%
Sensata Technologies Holding Plc's net profit margin has shown fluctuating trends over the past five years. In 2023, the company reported a negative net profit margin of -0.10%, a significant decrease from the previous year's margin of 7.71%. This decline indicates that the company's profitability was adversely affected.
Comparing to the years prior to 2022, Sensata Technologies' net profit margin had been relatively stable, ranging from 5.39% in 2020 to 9.52% in 2021. However, the margin dropped to 8.19% in 2019.
The negative net profit margin in 2023 suggests that the company's costs may have increased significantly relative to its revenue, impacting its profitability. It would be crucial for Sensata Technologies to closely monitor and manage its expenses to improve its financial performance and enhance its overall profitability in the upcoming periods.
Peer comparison
Dec 31, 2023