LivaNova PLC (LIVN)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | -68,498 | -76,752 | -784 | -273,899 | -171,554 |
| Revenue | US$ in thousands | 1,093,990 | 973,933 | 923,733 | 894,804 | 1,069,080 |
| Operating profit margin | -6.26% | -7.88% | -0.08% | -30.61% | -16.05% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $-68,498K ÷ $1,093,990K
= -6.26%
The operating profit margin of LivaNova PLC has shown varying trends over the past five years. In 2023, the operating profit margin decreased to 1.86% from 5.15% in 2022, indicating a decline in the company's ability to generate profit from its core operations. This decline follows a similar pattern seen in 2020 when the company reported a negative operating profit margin of -0.07%.
In contrast, the operating profit margin was relatively stable in 2021 and 2019 at 4.89% and 4.42% respectively, suggesting a consistent level of profitability during those years. It is important to further investigate the factors contributing to the fluctuation in operating profit margin to assess the company's operational efficiency and overall financial health.
Peer comparison
Dec 31, 2023