Sensient Technologies Corporation (SXT)

Total asset turnover

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Revenue (ttm) US$ in thousands 1,550,306 1,516,112 1,481,034 1,445,470 1,430,648 1,432,436 1,432,305 1,432,967 1,422,547 1,416,171 1,400,017 1,363,899 1,367,431 1,361,130 1,339,949 1,326,926 1,317,174 1,299,821 1,292,466 1,306,970
Total assets US$ in thousands 2,023,790 2,042,610 1,994,870 2,005,680 2,014,510 2,010,180 2,046,210 2,022,730 1,981,610 1,839,210 1,803,220 1,788,620 1,745,490 1,728,420 1,697,730 1,721,010 1,740,860 1,713,950 1,673,260 1,692,830
Total asset turnover 0.77 0.74 0.74 0.72 0.71 0.71 0.70 0.71 0.72 0.77 0.78 0.76 0.78 0.79 0.79 0.77 0.76 0.76 0.77 0.77

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,550,306K ÷ $2,023,790K
= 0.77

Total asset turnover for Sensient Technologies Corporation has been relatively stable within the range of 0.70 to 0.79 over the past few years, indicating that the company is generating sales revenue efficiently relative to its total assets. The ratio measures how effectively the company is utilizing its assets to generate revenue, with a higher ratio generally indicating better asset utilization.

It is notable that there was a slight decline in total asset turnover from 0.78 in June 2024 to 0.77 in September 2024, followed by an increase back to 0.77 in December 2024. This could imply some fluctuations in the company's efficiency in generating sales revenue compared to its asset base during this period.

Overall, Sensient Technologies Corporation's total asset turnover ratio suggests that the company has been managing its assets effectively to generate revenue, although fluctuations in the ratio should be closely monitored to understand the company's operational performance and efficiency in asset utilization.