According to Saudi Enaya Cooperative Insurance Company's latest financial reports and stock price the company's current Operating Margin is -6.16%. At the end of 2023 the company had an Operating Margin of 7.77%.
Year | Operating Margin | Change |
---|---|---|
2023 | 7.77% | -466.81% |
2022 | -2.12% | -93.21% |
2021 | -31.22% | 74.89% |
2020 | -17.85% | -81.43% |
2019 | -96.12% | 159.2% |
2018 | -37.09% | 354.78% |
2017 | -8.15% | -78.83% |
2016 | -38.52% | -82.29% |
2015 | -217.44% | 53.58% |
2014 | -141.58% |
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.