Sensient Technologies Corporation (SXT)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,557,370 | 1,430,740 | 1,422,220 | 1,367,390 | 1,317,440 |
| Total assets | US$ in thousands | 2,023,790 | 2,014,510 | 1,981,610 | 1,745,490 | 1,740,860 |
| Total asset turnover | 0.77 | 0.71 | 0.72 | 0.78 | 0.76 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,557,370K ÷ $2,023,790K
= 0.77
Sensient Technologies Corporation's total asset turnover has exhibited some fluctuations over the past five years. The ratio stood at 0.76 as of December 31, 2020, and increased slightly to 0.78 by December 31, 2021. However, there was a decrease in total asset turnover to 0.72 by December 31, 2022, and a further decline to 0.71 by December 31, 2023. Despite these decreases, the ratio saw a slight improvement to 0.77 by December 31, 2024.
A total asset turnover ratio below 1 generally indicates that the company is not generating significant revenue in relation to its total assets. The fluctuations in Sensient Technologies Corporation's total asset turnover may indicate varying levels of efficiency in utilizing its assets to generate sales over the years. Investors and analysts may want to further investigate the reasons behind these fluctuations to assess the company's operational efficiency and financial performance.
Peer comparison
Dec 31, 2024