According to Prince Pipes And Fittings 's latest financial reports and stock price the company's current Operating Margin is 6.96%. At the end of 2023 the company had an Operating Margin of 6.48%.
Year | Operating Margin | Change |
---|---|---|
2023 | 6.48% | -50.85% |
2022 | 13.18% | -14.1% |
2021 | 15.34% | 39.99% |
2020 | 10.96% | 19.18% |
2019 | 9.19% | -5.15% |
2018 | 9.69% | -6.02% |
2017 | 10.32% | 53.63% |
2016 | 6.71% | 23.85% |
2015 | 5.42% | -21.09% |
2014 | 6.87% |
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.