Sensata Technologies Holding NV (ST)

Return on assets (ROA)

		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
Net income (ttm)	US$ in thousands	-3,909	311,479	388,931	374,661	310,685	309,507	254,213	332,288	363,580	373,275	365,045	209,588	164,286	96,157	90,103	206,080	282,714	483,275	561,718	593,570
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
ROA		-0.05%	3.71%	4.63%	4.36%	3.55%	3.55%	2.95%	3.86%	4.22%	4.39%	4.34%	2.64%	2.09%	1.27%	1.27%	3.02%	4.14%	7.06%	8.20%	8.74%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $-3,909K ÷ $7,680,990K
= -0.05%

Sensata Technologies Holding Plc's return on assets (ROA) has fluctuated over the past eight quarters. In Q4 2023, the company experienced a negative ROA of -0.05%, indicating a decrease in efficiency in generating profits relative to its assets. This contrasts with the positive ROA seen in the previous quarters, such as Q3 2023 (3.71%), Q2 2023 (4.63%), and Q1 2023 (4.36%). The trend in ROA in 2022 showed relatively stable performance, hovering between 2.95% and 3.86%. The decline in ROA in Q4 2023 may warrant further investigation into the company's asset management and profitability strategies to address the negative performance and maintain the positive trajectory achieved in the prior quarters.