Golden Ocean Group
GOGL
#3638
Rank
$2.59 B
Marketcap
🇧🇲 Bermuda
Country
$12.97
Share price
-0.54%
Change (1 day)
37.98%
Change (1 year)
Categories
Operating Margin for Golden Ocean Group (GOGL)
Operating Margin as of April 2024 (TTM): 41.51%
According to Golden Ocean Group's latest financial reports and stock price the company's current Operating Margin is 41.51%. At the end of 2021 the company had an Operating Margin of 43.85%.
Operating Margin history for Golden Ocean Group from 2001 to 2022
Operating Margin at the end of each year
| Year | Operating Margin | Change |
|---|---|---|
| 2021 | 43.85% | -293.83% |
| 2020 | -22.62% | -526.65% |
| 2019 | 5.30% | -58.96% |
| 2018 | 12.92% | -2693.23% |
| 2017 | -0.50% | -99% |
| 2016 | -49.60% | -57.24% |
| 2015 | -115.99% | -790.19% |
| 2014 | 16.81% | 78.74% |
| 2013 | 9.40% | -40.36% |
| 2012 | 15.76% | -54.37% |
| 2011 | 34.55% | -14.08% |
| 2010 | 40.21% | 13.97% |
| 2009 | 35.28% | -40.45% |
| 2008 | 59.24% | 307.03% |
| 2007 | 14.55% | -0.18% |
| 2006 | 14.58% | -0.85% |
| 2005 | 14.70% | -71.14% |
| 2004 | 50.96% | -32.48% |
| 2003 | 75.47% | 38.94% |
| 2002 | 54.32% | -22.52% |
| 2001 | 70.11% |
Operating Margin for similar companies or competitors
| Company | Operating Margin | Operating Margin differencediff. | Country |
|---|---|---|---|
 DHT Holdings DHT | -3.76% | -109.06% | 🇧🇲 Bermuda |
 Golar LNG Partners GMLP | 31.84% | -23.29% | 🇧🇲 Bermuda |
 Scorpio Tankers
STNG | 40.77% | -1.78% | 🇲🇨 Monaco |
 Ardmore Shipping
ASC | 31.15% | -24.96% | 🇧🇲 Bermuda |
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.