According to Piovan S.p.A.'s latest financial reports and stock price the company's current Operating Margin is 12.63%. At the end of 2023 the company had an Operating Margin of 11.42%.
Year | Operating Margin | Change |
---|---|---|
2023 | 11.42% | 30.62% |
2022 | 8.74% | -28.08% |
2021 | 12.15% | 13.49% |
2020 | 10.71% | -5.27% |
2019 | 11.31% | -17.29% |
2018 | 13.67% | -0.33% |
2017 | 13.71% | 16.93% |
2016 | 11.73% | 3.85% |
2015 | 11.29% |
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.