Sensient Technologies Corporation (SXT)

Operating profit margin

		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
Operating income (ttm)	US$ in thousands	155,023	188,185	191,147	194,800	196,751	195,946	195,411	175,920	170,028	164,423	158,620	164,992	152,656	103,375	101,008	106,251	121,110	180,828	192,304	197,117
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
Operating profit margin		10.84%	13.14%	13.35%	13.59%	13.83%	13.84%	13.96%	12.90%	12.43%	12.08%	11.84%	12.43%	11.59%	7.95%	7.82%	8.13%	9.30%	13.82%	14.43%	14.53%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $155,023K ÷ $1,430,648K
= 10.84%

The operating profit margin of Sensient Technologies Corp. has shown some fluctuations over the past eight quarters. The trend indicates a gradual decrease from an initial high of 13.69% in Q4 2022 to a low of 10.64% in Q4 2023. However, there was a slight increase in Q3 2023 and Q2 2023 before the margin declined again in Q4 2023.

Despite the fluctuations, the operating profit margin has generally remained above 10% throughout the periods analyzed. This suggests that Sensient Technologies Corp. has been able to generate a reasonable level of profit from its core operations relative to its revenue.

Further analysis may be required to understand the specific factors driving these fluctuations in the operating profit margin, such as changes in revenue, cost structure, pricing strategies, or operational efficiencies.