Sensient Technologies Corporation (SXT)

Return on equity (ROE)

		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
Net income (ttm)	US$ in thousands	93,394	128,348	132,853	137,467	140,887	138,995	136,859	124,148	118,745	116,685	115,683	120,367	109,472	67,341	66,302	70,013	82,047	131,859	147,181	151,973
Total stockholders’ equity	US$ in thousands	1,053,320	1,057,660	1,054,260	1,028,220	999,598	954,514	958,967	961,710	938,425	939,392	944,277	925,646	934,336	896,785	860,716	842,658	881,589	896,673	897,482	877,724
ROE		8.87%	12.14%	12.60%	13.37%	14.09%	14.56%	14.27%	12.91%	12.65%	12.42%	12.25%	13.00%	11.72%	7.51%	7.70%	8.31%	9.31%	14.71%	16.40%	17.31%

December 31, 2023 calculation

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

Sensient Technologies Corp.'s Return on Equity (ROE) has demonstrated some fluctuation over the past eight quarters. In Q4 2022, the ROE was at its peak at 14.56%, followed by a slight downward trend in Q1 2023. However, there was a more significant decline in Q4 2023 where the ROE dropped to 8.87%, indicating a reduced profitability relative to the shareholders' equity during that period.

Overall, the ROE values have shown a general downward trend from Q4 2022 to Q4 2023. It is essential for investors and stakeholders to monitor this trend closely, as a decreasing ROE may signify less efficient utilization of equity to generate profits. Further analysis into the company's financial performance and operational factors would be necessary to understand the reasons behind these fluctuations and to assess the company's long-term profitability and sustainability.