According to General Insurance Corporation of India 's latest financial reports and stock price the company's current Operating Margin is 18.05%. At the end of 2023 the company had an Operating Margin of 17.03%.
Year | Operating Margin | Change |
---|---|---|
2023 | 17.03% | 127.31% |
2022 | 7.49% | 18.51% |
2021 | 6.32% | -989.61% |
2020 | -0.71% | -108.19% |
2019 | 8.68% | 3.87% |
2018 | 8.36% | -24.65% |
2017 | 11.09% | -28.3% |
2016 | 15.47% | -3.31% |
2015 | 16.00% | 19.4% |
2014 | 13.40% |
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.