According to Elevai Labs's latest financial reports and stock price the company's current Operating Margin is -194.56%. At the end of 2023 the company had an Operating Margin of -251.17%.
Year | Operating Margin | Change |
---|---|---|
2023 | -251.17% | 6.91% |
2022 | -234.94% | -99.75% |
2021 | -94,889.84% |
The operating margin is a key indicator to assess the profitability of a company. Higher operating margins are generaly better as they show that a company is able to sell its products or services for much more than their production costs. The operating margin is calculated by dividing a company's earnings by its revenue.