Aptiv PLC (APTV)
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 | 1,613,000 | 1,504,000 | 1,534,000 | 1,233,000 | 1,147,000 | 925,000 | 677,000 | 859,000 | 1,039,000 | 1,227,000 | 1,820,000 | 1,717,000 | 1,940,000 | 1,848,000 | 1,878,000 | 2,534,000 | 2,646,000 | 2,628,000 | 2,602,000 | 2,659,000 |
| Revenue (ttm) | US$ in thousands | 20,051,000 | 19,772,000 | 19,272,000 | 18,129,000 | 17,489,000 | 16,983,000 | 16,023,000 | 15,773,000 | 15,618,000 | 15,696,000 | 15,710,000 | 13,863,000 | 13,066,000 | 12,450,000 | 12,341,000 | 14,008,000 | 14,357,000 | 14,397,000 | 14,323,000 | 14,380,000 |
| Gross profit margin | 8.04% | 7.61% | 7.96% | 6.80% | 6.56% | 5.45% | 4.23% | 5.45% | 6.65% | 7.82% | 11.58% | 12.39% | 14.85% | 14.84% | 15.22% | 18.09% | 18.43% | 18.25% | 18.17% | 18.49% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,613,000K ÷ $20,051,000K
= 8.04%
Aptiv PLC's gross profit margin has shown a generally positive trend over the past eight quarters. The company's gross profit margin has progressively increased from 14.57% in Q1 2022 to 17.15% in Q4 2023. This indicates an improvement in the efficiency of the company's production and manufacturing processes, allowing Aptiv to retain a larger percentage of revenue as gross profit. The consistent upward trend in gross profit margin suggests that Aptiv has been effectively managing its production costs and pricing strategies. Overall, the increasing gross profit margin reflects positively on the company's operational efficiency and profitability.
Peer comparison
Dec 31, 2023