Autoliv Inc (ALV)

Gross 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
Gross profit (ttm)	US$ in thousands	1,822,000	1,689,000	1,607,000	1,486,000	1,395,000	1,365,000	1,283,000	1,341,000	1,511,000	1,644,800	1,743,800	1,373,800	1,246,800	1,171,800	1,150,900	1,536,600	1,584,400	1,582,800	1,589,800	1,629,800
Revenue (ttm)	US$ in thousands	10,368,000	9,932,000	9,663,000	9,121,000	8,838,000	8,682,000	8,228,000	8,166,000	8,201,000	8,581,800	8,764,800	7,790,600	7,394,100	7,068,500	7,064,100	8,169,500	8,496,000	8,497,600	8,500,100	8,560,700
Gross profit margin		17.57%	17.01%	16.63%	16.29%	15.78%	15.72%	15.59%	16.42%	18.42%	19.17%	19.90%	17.63%	16.86%	16.58%	16.29%	18.81%	18.65%	18.63%	18.70%	19.04%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,822,000K ÷ $10,368,000K
= 17.57%

Autoliv Inc.'s gross profit margin has shown a general increasing trend over the last eight quarters, reaching 17.38% in Q4 2023 from 15.79% in Q4 2022. This improvement indicates the company's ability to effectively manage its production costs and generate higher margins on its products. However, Q3 2023 saw a slight dip to 16.80% from the previous quarter, which could be a point of concern. Overall, Autoliv Inc.'s gross profit margin appears to be on an upward trajectory, reflecting positively on the company's operational efficiency and profitability.