Converge Technology Solutions
CTS.TO
$4.00
Share price
-0.36%
Change (1 day)
64.61%
Change (1 year)
Categories
Operating Margin for Converge Technology Solutions (CTS.TO)
Operating Margin as of April 2024 (TTM): 1.56%
According to Converge Technology Solutions's latest financial reports and stock price the company's current Operating Margin is 1.56%. At the end of 2021 the company had an Operating Margin of 1.57%.
Operating Margin history for Converge Technology Solutions from 2018 to 2022
Operating Margin at the end of each year
| Year | Operating Margin | Change |
|---|---|---|
| 2021 | 1.57% | -695.28% |
| 2020 | -0.26% | -85.79% |
| 2019 | -1.85% | -45.36% |
| 2018 | -3.39% | -55.53% |
| 2017 | -7.63% |
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.