According to Thob Al Aseel Company's latest financial reports and stock price the company's current Operating Margin is 21.34%. At the end of 2023 the company had an Operating Margin of 17.85%.
Year | Operating Margin | Change |
---|---|---|
2023 | 17.85% | 20.95% |
2022 | 14.76% | -7.4% |
2021 | 15.94% | -13.98% |
2020 | 18.53% | -7.09% |
2019 | 19.94% | 7.62% |
2018 | 18.53% | -17.42% |
2017 | 22.44% |
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.