Otovo ASA
OTOVO.OL
#9473
Rank
ยฃ22.26 M
Marketcap
ยฃ0.07965
Share price
0.53%
Change (1 day)
-69.59%
Change (1 year)

Operating Margin for Otovo ASA (OTOVO.OL)

Operating Margin as of November 2024 (TTM): -54.90%

According to Otovo ASA's latest financial reports and stock price the company's current Operating Margin is -54.90%. At the end of 2023 the company had an Operating Margin of -38.58%.

Operating Margin history for Otovo ASA from 2020 to 2024

Operating Margin at the end of each year

Year Operating Margin Change
2023-38.58%-22.92%
2022-50.05%-7.43%
2021-54.06%-11.48%
2020-61.07%72.87%
2019-35.33%-16.06%
2018-42.09%

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.