Aptiv PLC (APTV)
Profitability ratios
Return on sales
| 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 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% |
| Operating profit margin | 7.78% | 8.31% | 8.66% | 7.47% | 7.22% | 6.38% | 5.17% | 6.44% | 7.61% | 8.76% | 9.70% | 6.69% | 16.21% | 16.03% | 15.82% | 18.55% | 8.89% | 9.08% | 9.15% | 9.71% |
| 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% |
| 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% |
Aptiv PLC's profitability ratios have shown a mixed performance over the past eight quarters. The gross profit margin has been improving steadily, reaching 17.15% in Q4 2023 compared to 15.07% in Q4 2022, indicating better control over production costs and pricing strategies.
The operating profit margin has also shown a positive trend, with an increase from 6.70% in Q3 2022 to 8.83% in Q4 2023. This suggests that the company has been managing its operating expenses effectively to generate higher profits from its core business activities.
Similarly, the pretax margin has shown improvement over the quarters, reaching 5.18% in Q4 2023 from 2.70% in Q3 2022. This indicates that Aptiv PLC has been successful in enhancing its profitability before accounting for taxes, possibly through better cost management or revenue generation.
The net profit margin has displayed significant fluctuations, ranging from 0.71% in Q2 2022 to 14.51% in Q4 2023. While the sharp increase in Q4 2023 is noteworthy, the variability in net profit margins suggests potential volatility in the company's bottom-line performance.
Overall, Aptiv PLC's profitability ratios reflect improving operational efficiency and profitability, but the fluctuations in net profit margins warrant further investigation to understand the underlying factors driving the company's profitability dynamics.
Return on investment
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 6.38% | 6.93% | 7.55% | 6.24% | 5.77% | 5.42% | 4.16% | 4.98% | 6.60% | 7.79% | 8.57% | 5.31% | 12.09% | 12.14% | 12.77% | 16.07% | 9.48% | 10.10% | 9.99% | 10.72% |
| Return on assets (ROA) | 12.03% | 9.62% | 4.32% | 3.07% | 2.71% | 1.88% | 0.88% | 1.88% | 3.28% | 4.86% | 5.94% | 3.02% | 10.30% | 10.55% | 11.01% | 14.36% | 7.36% | 7.78% | 7.50% | 7.68% |
| Return on total capital | 7.04% | 7.76% | 8.66% | 6.75% | 6.12% | 4.58% | 2.81% | 4.10% | 6.78% | 9.49% | 10.85% | 6.45% | 16.93% | 17.04% | 17.60% | 23.78% | 16.51% | 17.47% | 17.39% | 18.47% |
| Return on equity (ROE) | 25.44% | 21.17% | 10.33% | 7.43% | 6.74% | 4.59% | 2.17% | 4.57% | 7.07% | 10.34% | 12.69% | 6.52% | 22.82% | 23.56% | 24.23% | 46.71% | 25.92% | 28.25% | 27.93% | 29.26% |
Based on the profitability ratios of Aptiv PLC over the past eight quarters, we can observe the following trends:
1. Operating return on assets (Operating ROA) has shown a generally positive trend, ranging from 4.39% in Q2 2022 to 7.99% in Q2 2023. This indicates that the company is effectively generating operating income relative to its total assets, with improving efficiency over time.
2. Return on assets (ROA) has also shown an increasing trend, ranging from 0.57% in Q1 2022 to 11.91% in Q4 2023. This suggests that Aptiv is effectively generating profits from its total assets, reflecting improved asset utilization and profitability.
3. Return on total capital has demonstrated fluctuations but an overall increasing trend, varying from 4.35% in Q2 2022 to 9.31% in Q2 2023. This ratio reflects the company's return on both equity and debt capital invested in the business, indicating a positive trend in generating returns for its capital providers.
4. Return on equity (ROE) has shown a strong upward trajectory, ranging from 1.40% in Q2 2022 to 25.19% in Q4 2023. This signifies that Aptiv is efficiently utilizing shareholder equity to generate profits, with a significant improvement in ROE over the quarters.
Overall, Aptiv PLC's profitability ratios reflect a positive trend, indicating that the company is effectively utilizing its assets, capital, and equity to generate returns for its stakeholders. The increasing trend in these ratios suggests improving profitability and efficiency in the company's operations over the analyzed period.