Aptiv PLC (APTV)

Net 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
Net income (ttm)	US$ in thousands	2,938,000	2,282,000	954,000	667,000	594,000	376,000	176,000	384,000	590,000	858,000	1,056,000	527,000	1,804,000	1,735,000	1,682,000	2,322,000	990,000	1,007,000	983,000	1,000,000
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
Net profit margin		14.65%	11.54%	4.95%	3.68%	3.40%	2.21%	1.10%	2.43%	3.78%	5.47%	6.72%	3.80%	13.81%	13.94%	13.63%	16.58%	6.90%	6.99%	6.86%	6.95%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $2,938,000K ÷ $20,051,000K
= 14.65%

Aptiv PLC's net profit margin has shown a positive trend over the past eight quarters, with an increasing trajectory from Q1 2022 to Q4 2023. The net profit margin has steadily improved from 2.04% in Q1 2022 to a peak of 14.51% in Q4 2023. This indicates that the company has been able to effectively control its costs and expenses relative to its revenue, resulting in higher profitability. The significant increase from 2.04% in Q1 2022 to 14.51% in Q4 2023 is particularly noteworthy and reflects the company's ability to enhance its operational efficiency and generate stronger earnings relative to its sales. Overall, the upward trend in net profit margin demonstrates Aptiv PLC's improving profitability and effective management of its financial performance.