According to Gulf General Cooperative Insurance Company's latest financial reports and stock price the company's current Operating Margin is -0.64%. At the end of 2023 the company had an Operating Margin of 1.68%.
Year | Operating Margin | Change |
---|---|---|
2023 | 1.68% | -106.34% |
2022 | -26.44% | -16.81% |
2021 | -31.78% | -873.5% |
2020 | 4.11% | -303.29% |
2019 | -2.02% | -90.07% |
2018 | -20.34% | -218.24% |
2017 | 17.21% | |
2012 | 4.32% | -136.02% |
2011 | -11.99% | -51.37% |
2010 | -24.65% |
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.