Autoliv Inc (ALV)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,822,000 | 1,396,000 | 1,511,000 | 1,247,000 | 1,584,000 |
| Revenue | US$ in thousands | 10,353,000 | 8,838,000 | 8,201,000 | 7,352,100 | 8,465,200 |
| Gross profit margin | 17.60% | 15.80% | 18.42% | 16.96% | 18.71% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,822,000K ÷ $10,353,000K
= 17.60%
Autoliv Inc.'s gross profit margin has displayed fluctuations over the past five years. In 2023, the gross profit margin increased to 17.38% from 15.79% in 2022. This improvement suggests the company was able to effectively manage its production costs and boost its profitability from the sale of goods. However, the 2023 margin remains slightly below the 2021 level of 18.36%.
Comparing the most recent data with the figures from 2020 and 2019, the trend shows some variability in the gross profit margin. In 2020, the margin was 16.74%, slightly lower than 17.38% in 2023, indicating a partial recovery in profitability. Furthermore, in 2019, the company achieved a higher gross profit margin of 18.54%, implying a stronger performance in the past.
Overall, while Autoliv Inc. has experienced fluctuations in its gross profit margin, the 2023 figure shows an improvement compared to the previous year, suggesting positive developments in managing production costs and enhancing profitability in the current financial period.
Peer comparison
Dec 31, 2023