According to Riyadh Cables Group Company's latest financial reports and stock price the company's current Operating Margin is 9.10%. At the end of 2023 the company had an Operating Margin of 8.28%.
Year | Operating Margin | Change |
---|---|---|
2023 | 8.28% | 27.59% |
2022 | 6.49% | 6.81% |
2021 | 6.08% | -10.51% |
2020 | 6.79% | 13.34% |
2019 | 5.99% | 28.69% |
2018 | 4.66% |
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.