Canara Bank
CANBK.NS
$7.54
Share price
1.07%
Change (1 day)
94.83%
Change (1 year)
Categories
Operating Margin for Canara Bank (CANBK.NS)
Operating Margin as of May 2024 (TTM): 26.53%
According to Canara Bank 's latest financial reports and stock price the company's current Operating Margin is 26.53%. At the end of 2023 the company had an Operating Margin of 24.78%.
Operating Margin history for Canara Bank from 2019 to 2023
Operating Margin at the end of each year
| Year | Operating Margin | Change |
|---|---|---|
| 2023 | 24.78% | 34.87% |
| 2022 | 18.37% | 201.07% |
| 2021 | 6.10% | -204.34% |
| 2020 | -5.85% | -39.84% |
| 2019 | -9.72% | -71.34% |
| 2018 | -33.92% | -527.15% |
| 2017 | 7.94% | -146.7% |
| 2016 | -17.00% | -183.53% |
| 2015 | 20.36% | -0.16% |
| 2014 | 20.39% | -23.92% |
| 2013 | 26.80% | -12.78% |
| 2012 | 30.73% | -17.96% |
| 2011 | 37.45% | 11.54% |
| 2010 | 33.58% | 22.2% |
| 2009 | 27.48% | -7.99% |
| 2008 | 29.86% | 10.41% |
| 2007 | 27.05% | -2.41% |
| 2006 | 27.71% |
What is a company's Operating Margin
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.