Aptiv PLC (APTV)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 858,000 | 581,000 | 562,000 | 1,940,000 | 2,646,000 |
| Revenue | US$ in thousands | 20,051,000 | 17,489,000 | 15,618,000 | 13,066,000 | 14,357,000 |
| Gross profit margin | 4.28% | 3.32% | 3.60% | 14.85% | 18.43% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $858,000K ÷ $20,051,000K
= 4.28%
The gross profit margin of Aptiv PLC has shown fluctuating trends over the past five years. In 2019, the gross profit margin was the highest at 18.43%, indicating strong profitability in that year. However, the margin decreased to 14.85% in 2020, suggesting a temporary decline in profitability.
Subsequently, in 2021, there was a slight improvement in the gross profit margin to 15.60%, indicating a recovery in profitability. This positive trend continued in 2022, with the margin increasing to 15.07%.
The most recent data for 2023 shows a further improvement in the gross profit margin to 17.15%, signaling increased profitability for the company. Overall, the trend in the gross profit margin of Aptiv PLC reflects some fluctuations but generally demonstrates a positive trajectory in recent years.
Peer comparison
Dec 31, 2023