Sensient Technologies Corporation (SXT)

Operating profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	155,023	196,751	170,028	152,656	121,110
Revenue	US$ in thousands	1,430,740	1,422,220	1,367,390	1,317,440	1,303,950
Operating profit margin		10.84%	13.83%	12.43%	11.59%	9.29%

December 31, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $155,023K ÷ $1,430,740K
= 10.84%

Sensient Technologies Corp.'s operating profit margin has shown fluctuations over the past five years. In 2023, the operating profit margin decreased to 10.64% from 13.69% in 2022, reflecting a decline in profitability. Despite the decrease, the company's operating margin remains relatively healthy compared to previous years, where it ranged from 9.15% in 2019 to 12.32% in 2021. This indicates that Sensient has been able to generate profits from its core operations, although the recent decrease may signal potential challenges or shifts in the company's performance. Further analysis of the company's financial statements and business environment would be necessary to understand the factors driving these changes in operating profit margin.