According to Otovo ASA's latest financial reports and stock price the company's current Operating Margin is -63.30%. At the end of 2023 the company had an Operating Margin of -38.58%.
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% |
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.