According to Coelacanth Energy's latest financial reports and stock price the company's current Operating Margin is -50.34%. At the end of 2023 the company had an Operating Margin of -98.65%.
Year | Operating Margin | Change |
---|---|---|
2023 | -98.65% | -31.89% |
2022 | -144.85% | 43.89% |
2021 | -100.67% |
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.