Sensient Technologies Corporation (SXT)

Return on assets (ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	93,394	140,887	118,745	109,472	82,047
Total assets	US$ in thousands	2,014,510	1,981,610	1,745,490	1,740,860	1,740,150
ROA		4.64%	7.11%	6.80%	6.29%	4.71%

December 31, 2023 calculation

ROA = Net income ÷ Total assets
= $93,394K ÷ $2,014,510K
= 4.64%

Sensient Technologies Corp.'s return on assets (ROA) has fluctuated over the past five years. The ROA was 4.64% in 2023, a decrease from 7.11% in 2022 and 6.80% in 2021. This decline indicates that the company's ability to generate profits from its assets decreased in 2023 compared to the previous two years. However, the ROA of 4.64% in 2023 is still higher than the ROA of 4.71% in 2019.

Overall, Sensient Technologies Corp. has shown varying levels of efficiency in utilizing its assets to generate profits over the past five years. It is important for the company to monitor and strategically manage its asset utilization to improve its return on assets in the future.