According to Primech Holdings's latest financial reports and stock price the company's current Operating Margin is -2.65%. At the end of 2023 the company had an Operating Margin of -2.66%.
Year | Operating Margin | Change |
---|---|---|
2023 | -2.66% | 98.21% |
2022 | -1.34% | -111.14% |
2021 | 12.03% | 686.93% |
2020 | 1.53% |
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.