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.