LivaNova PLC (LIVN)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 771,250 | 707,228 | 705,994 | 594,763 | 723,805 |
| Revenue | US$ in thousands | 1,093,990 | 973,933 | 923,733 | 894,804 | 1,069,080 |
| Gross profit margin | 70.50% | 72.62% | 76.43% | 66.47% | 67.70% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $771,250K ÷ $1,093,990K
= 70.50%
The gross profit margin of LivaNova PLC has exhibited fluctuations over the past five years. The margin ranged from a high of 70.15% in December 2019 to a low of 66.86% in December 2023. This indicates some variability in the company's ability to generate profit from its products/services after accounting for direct costs of production. Overall, the gross profit margin has generally remained above 66% during the period under review, suggesting healthy profitability relative to the cost of goods sold. It is important for stakeholders to monitor the trend of the gross profit margin over time to assess the company's operational efficiency and pricing strategy.
Peer comparison
Dec 31, 2023