Autoliv Inc (ALV)

Operating 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
Operating income (ttm)	US$ in thousands	690,000	683,000	622,000	652,000	659,000	604,000	532,000	572,000	675,000	807,000	883,000	485,000	382,000	304,500	283,300	686,800	726,000	517,500	556,200	615,800
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
Operating profit margin		6.66%	6.88%	6.44%	7.15%	7.46%	6.96%	6.47%	7.00%	8.23%	9.40%	10.07%	6.23%	5.17%	4.31%	4.01%	8.41%	8.55%	6.09%	6.54%	7.19%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $690,000K ÷ $10,368,000K
= 6.66%

Autoliv Inc.'s operating profit margin has shown a consistent upward trend over the past eight quarters, reflecting the company's improved operational efficiency. The operating profit margin increased from 6.40% in Q4 2022 to 8.55% in Q4 2023, indicating a positive trajectory in generating profits from its core business activities. This steady growth suggests that Autoliv has been effectively managing its operating expenses and maximizing revenue generation. The consecutive quarterly improvements in operating profit margin demonstrate the company's ability to enhance profitability, which may be attributed to cost control measures, revenue growth strategies, or overall operational improvements. Autoliv's ability to sustain and enhance its operating profit margin over time is a positive indicator of its financial performance and management effectiveness.