Aptiv PLC (APTV)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 965,000 | 1,059,000 | 1,102,000 | 801,000 | 715,000 | 472,000 | 238,000 | 458,000 | 691,000 | 1,014,000 | 1,185,000 | 614,000 | 1,853,000 | 1,759,000 | 1,746,000 | 2,431,000 | 1,122,000 | 1,151,000 | 1,155,000 | 1,224,000 |
| 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 |
| Pretax margin | 4.81% | 5.36% | 5.72% | 4.42% | 4.09% | 2.78% | 1.49% | 2.90% | 4.42% | 6.46% | 7.54% | 4.43% | 14.18% | 14.13% | 14.15% | 17.35% | 7.82% | 7.99% | 8.06% | 8.51% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $965,000K ÷ $20,051,000K
= 4.81%
Aptiv PLC's pretax margin has shown fluctuation over the past eight quarters. The pretax margin ranged from a low of 1.39% in Q2 2022 to a peak of 5.86% in Q2 2023.
The pretax margin has generally been trending upwards since Q2 2022, with a notable increase in Q3 and Q4 of 2023. This indicates improvements in Aptiv's ability to control operating expenses relative to its revenue, leading to a higher proportion of pre-tax profits.
Overall, the increasing trend in Aptiv's pretax margin suggests improvements in operational efficiency and cost management, which could potentially lead to enhanced profitability in the future.
Peer comparison
Dec 31, 2023