LivaNova PLC (LIVN)

Gross profit 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
Gross profit (ttm)	US$ in thousands	771,250	764,600	733,715	712,868	707,228	725,354	723,100	711,029	705,994	671,246	650,173	592,864	594,763	632,506	664,321	746,465	744,758	744,193	739,135	735,984
Revenue (ttm)	US$ in thousands	1,093,987	1,057,777	1,026,749	989,010	971,142	983,022	925,125	933,289	932,621	932,112	974,900	901,723	907,604	925,639	964,065	1,062,089	1,073,680	1,083,073	1,091,319	1,105,702
Gross profit margin		70.50%	72.28%	71.46%	72.08%	72.82%	73.79%	78.16%	76.19%	75.70%	72.01%	66.69%	65.75%	65.53%	68.33%	68.91%	70.28%	69.36%	68.71%	67.73%	66.56%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $771,250K ÷ $1,093,987K
= 70.50%

The gross profit margin of LivaNova PLC has shown some fluctuations over the past eight quarters. In Q4 2023, the gross profit margin decreased to 66.86% from the previous quarter's 68.37%. This decline follows a pattern of fluctuation, as the margin has been varying between 66.86% and 69.21% over the past two years from Q1 2022 to Q4 2023. Despite these fluctuations, the gross profit margin has generally been above 65%, indicating that the company has been able to maintain a healthy level of profitability from its core operations. It will be important to continue monitoring these fluctuations to assess any underlying trends or factors affecting the company's profitability.