Aptiv's gross profit for the
three
months ended in Dec. 2023 was $922 Mil. Aptiv's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was $3,439 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. Aptiv's gross profit for the
three
months ended in Dec. 2023 was $922 Mil. Aptiv's Revenue for the
three
months ended in Dec. 2023 was $4,919 Mil. Therefore, Aptiv's Gross Margin % for the quarter that ended in Dec. 2023 was 18.74%.
Aptiv had a gross margin of 18.74% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage
During the past 13 years, the highestGross Margin % of Aptiv was 22.38%. The lowest was 14.85%. And the median was 18.67%.
Warning Sign:
Aptiv PLC gross margin has been in long-term decline. The average rate of decline per year is -2.9%.
Aptiv Gross Profit Historical Data
The historical data trend for Aptiv's Gross Profit can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Auto Parts subindustry, Aptiv's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Aptiv's Gross Profit Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Aptiv's Gross Profit distribution charts can be found below:
* The bar in red indicates where Aptiv's Gross Profit falls into.
Aptiv Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
Aptiv's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as
Gross Profit for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $3,439 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
Aptiv's Gross Margin % for the quarter that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Aptiv (NYSE:APTV) Gross Profit Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Aptiv had a gross margin of 18.74% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage
Aptiv Gross Profit Related Terms
Thank you for viewing the detailed overview of Aptiv's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
Aptiv's signal and power solutions segment supplies components and systems that make up a vehicle's electrical system, including wiring assemblies and harnesses, connectors, electrical centers, and hybrid electrical systems. The advanced safety and user experience segment provides body controls, infotainment and connectivity systems, passive and active safety electronics, advanced driver-assist technologies, and displays, as well as the development of software for these systems. Aptiv's largest customers are General Motors and Stellantis, both at roughly 9% of 2022 revenue, followed by Ford and Volkswagen, both at 8%. North America and Europe represented approximately 37% and 31% of total 2022 revenue, respectively.
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