Sensata Technologies Holding NV (ST)
Return on assets (ROA)
| 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 |
| Total assets | US$ in thousands | 7,680,990 | 8,756,220 | 8,613,770 | 7,844,200 | 6,834,520 |
| ROA | -0.05% | 3.55% | 4.22% | 2.09% | 4.14% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $-3,909K ÷ $7,680,990K
= -0.05%
Sensata Technologies Holding Plc's return on assets (ROA) has exhibited fluctuations over the past five years. In 2023, the ROA stood at -0.05%, indicating a negative return on assets for that year. This marked a significant decline from the previous year's ROA of 3.55%.
In 2022, the company had a ROA of 3.55%, which was a positive sign of profitability as the company generated a return of 3.55% on its assets. This was an improvement from the ROA of 2.09% in 2020 and 4.14% in 2019.
The highest ROA in the last five years was in 2021, where Sensata Technologies Holding Plc achieved a ROA of 4.22%, reflecting a strong performance with a return of 4.22% on its assets.
Overall, Sensata Technologies Holding Plc's ROA has been volatile over the period analyzed, with both positive and negative returns recorded. It is essential for the company to focus on improving efficiency in asset utilization to ensure sustainable and consistent returns in the future.
Peer comparison
Dec 31, 2023