Autoliv Inc (ALV)

Pretax 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
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	611,000	605,000	556,000	590,000	601,000	545,000	480,000	515,000	613,000	733,500	794,500	395,500	289,500	221,700	207,500	605,000	647,500	439,700	476,700	380,300
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
Pretax margin		5.89%	6.09%	5.75%	6.47%	6.80%	6.28%	5.83%	6.31%	7.47%	8.55%	9.06%	5.08%	3.92%	3.14%	2.94%	7.41%	7.62%	5.17%	5.61%	4.44%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $611,000K ÷ $10,368,000K
= 5.89%

Autoliv Inc.'s pretax margin has exhibited some fluctuations over the past eight quarters. The trend shows a moderate level of variability, with the pretax margin ranging from a low of 5.73% in Q2 2023 to a high of 6.82% in Q4 2022. Despite some fluctuations, Autoliv Inc. has generally maintained a pretax margin within a relatively narrow range, indicating a consistent level of profitability before taxes. The company has demonstrated a strong ability to generate profits relative to its total revenue, with the margin remaining above 5.7% in all reported quarters. However, the declining trend since Q4 2022 suggests that the company may be facing some challenges in maintaining or improving its profitability levels. Further analysis would be needed to understand the specific factors contributing to these fluctuations in pretax margin over time.