Aptiv PLC (APTV)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 1,010,000 | 715,000 | 691,000 | 1,853,000 | 1,122,000 |
| Revenue | US$ in thousands | 20,051,000 | 17,489,000 | 15,618,000 | 13,066,000 | 14,357,000 |
| Pretax margin | 5.04% | 4.09% | 4.42% | 14.18% | 7.82% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $1,010,000K ÷ $20,051,000K
= 5.04%
The pretax margin of Aptiv PLC has fluctuated over the past five years. In 2020, the company achieved a high pretax margin of 14.32%, indicating efficient cost management and strong revenue generation relative to expenses before tax. However, in the following years, the pretax margin decreased to 4.55% in 2021, improved slightly to 4.07% in 2022, and further increased to 5.18% in 2023.
The upward trend from 2021 to 2023 suggests that Aptiv PLC has been able to enhance its profitability and control costs more effectively in recent years. Overall, the pretax margin trend reflects fluctuations in the company's ability to generate profits before accounting for tax expenses, with potential implications for its financial performance and operational efficiency.
Peer comparison
Dec 31, 2023