Sensient Technologies Corporation (SXT)

Total asset turnover

		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
Revenue (ttm)	US$ in thousands	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	1,302,766	1,308,327	1,332,940	1,356,440
Total assets	US$ in thousands	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	1,740,150	1,778,560	1,825,500	1,840,870
Total asset turnover		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	0.75	0.74	0.73	0.74

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,430,648K ÷ $2,014,510K
= 0.71

Total asset turnover is a financial ratio that measures a company's efficiency in generating sales revenue from its assets. A higher total asset turnover indicates that the company is more efficient in utilizing its assets to generate revenue.

Based on the data provided for Sensient Technologies Corp., the total asset turnover has been relatively stable over the past eight quarters, ranging from 0.71 to 0.78. This consistency suggests that the company has been effectively utilizing its assets to generate sales revenue.

While the total asset turnover of Sensient Technologies Corp. has been slightly lower in the most recent quarters compared to previous quarters, the overall trend indicates that the company has maintained a reasonable level of efficiency in asset utilization.

It is important for Sensient Technologies Corp. to continue monitoring and improving its total asset turnover ratio to ensure optimal efficiency in utilizing its assets to drive sales revenue and ultimately improve profitability.