Aptiv PLC (APTV)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 1,559,000 | 1,263,000 | 1,189,000 | 2,118,000 | 1,276,000 |
| Revenue | US$ in thousands | 20,051,000 | 17,489,000 | 15,618,000 | 13,066,000 | 14,357,000 |
| Operating profit margin | 7.78% | 7.22% | 7.61% | 16.21% | 8.89% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $1,559,000K ÷ $20,051,000K
= 7.78%
The operating profit margin of Aptiv PLC has shown some fluctuations over the past five years. In 2019, the company exhibited a relatively high operating profit margin of 9.92%, which then decreased to 6.28% in 2020. However, Aptiv managed to improve its operating profit margin in the following years, reaching 7.77% in 2021 and further increasing to 7.71% in 2022. The most recent data as of December 31, 2023, indicates a slightly higher operating profit margin of 8.83%.
Overall, Aptiv's operating profit margin has generally shown a positive trend over the past few years, with some fluctuations. This improvement suggests that the company has been able to effectively manage its operating expenses relative to its revenue, thereby enhancing its profitability.
Peer comparison
Dec 31, 2023