LivaNova PLC (LIVN)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 17,546 | -86,246 | -135,818 | -348,819 | -157,639 |
| Revenue | US$ in thousands | 1,093,990 | 973,933 | 923,733 | 894,804 | 1,069,080 |
| Net profit margin | 1.60% | -8.86% | -14.70% | -38.98% | -14.75% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $17,546K ÷ $1,093,990K
= 1.60%
The net profit margin of LivaNova PLC has exhibited variability over the past five years. In 2023, the company reported a net profit margin of 1.52%, indicating that for every dollar of revenue generated, the company retained approximately 1.52 cents as profit. This represents an improvement compared to the negative net profit margins seen in the preceding years, particularly in 2020 and 2021.
The significant improvement from negative margins to a positive margin in 2023 suggests that the company managed to control its costs and increase its efficiency in generating profits from its operations. However, it should be noted that the net profit margin of 1.52% in 2023 is still relatively low, indicating that the company may have room for further optimization of its cost structure and revenue generation strategies to enhance profitability.
Overall, the trend in net profit margin for LivaNova PLC signals a fluctuating performance in recent years, with a marked improvement in 2023 but a continued need for sustained efforts to enhance profitability in the future.
Peer comparison
Dec 31, 2023