LivaNova PLC (LIVN)

Operating 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
Operating income (ttm)	US$ in thousands	-68,498	33,452	-102,979	-88,599	-76,752	-65,958	82,437	14,419	-784	-274,561	-298,535	-279,016	-273,899	-168,852	-135,539	-148,672	-168,870	-301,346	-332,864	-281,381
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
Operating profit margin		-6.26%	3.16%	-10.03%	-8.96%	-7.90%	-6.71%	8.91%	1.54%	-0.08%	-29.46%	-30.62%	-30.94%	-30.18%	-18.24%	-14.06%	-14.00%	-15.73%	-27.82%	-30.50%	-25.45%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $-68,498K ÷ $1,093,987K
= -6.26%

The operating profit margin of LivaNova PLC has shown a decreasing trend over the past few quarters. In Q4 2023, the operating profit margin was 1.86%, down from 3.41% in Q3 2023 and 3.52% in Q2 2023. This decline continues from previous quarters where the operating profit margin was 4.17% in Q1 2023, 5.15% in Q4 2022, and 12.44% in Q3 2022.

The significant drop in operating profit margin from Q3 2022 to Q4 2022, followed by a relatively stable performance in Q1 and Q2 2023, suggests potential challenges in cost management or revenue generation that impacted the company's profitability.

Further analysis would be required to investigate the specific factors driving this downward trend in the operating profit margin for LivaNova PLC. Factors such as changes in pricing strategies, cost structures, efficiency of operations, or overall market conditions could be influencing the company's profitability metrics.