Sensient Technologies Corporation (SXT)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	1,053,320	999,598	938,425	934,336	881,589
ROE		8.87%	14.09%	12.65%	11.72%	9.31%

December 31, 2023 calculation

ROE = Net income ÷ Total stockholders’ equity
= $93,394K ÷ $1,053,320K
= 8.87%

Sensient Technologies Corp.'s return on equity (ROE) has displayed fluctuations over the past five years. The ROE decreased from 9.31% in 2019 to 8.87% in 2023, rebounded significantly to 14.09% in 2022, and then slightly dropped to 12.65% in 2021 before decreasing further to 11.72% in 2020. These variations suggest changes in the company's profitability relative to the shareholders' equity during the respective years. It is important for stakeholders to further investigate the factors driving these fluctuations to assess the company's operational efficiency and financial performance.