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.
Peer comparison
Dec 31, 2023