RITES
RITES.NS
$8.23
Share price
1.68%
Change (1 day)
93.19%
Change (1 year)
Categories
Operating Margin for RITES (RITES.NS)
Operating Margin as of April 2024 (TTM): 29.18%
According to RITES 's latest financial reports and stock price the company's current Operating Margin is 29.18%. At the end of 2022 the company had an Operating Margin of 27.91%.
Operating Margin history for RITES from 2018 to 2022
Operating Margin at the end of each year
| Year | Operating Margin | Change |
|---|---|---|
| 2022 | 27.91% | -12.41% |
| 2021 | 31.87% | -9.82% |
| 2020 | 35.34% | -0.9% |
| 2019 | 35.66% | 1.32% |
| 2018 | 35.19% | -6.09% |
| 2017 | 37.47% | -9.31% |
| 2016 | 41.32% | -10.63% |
| 2015 | 46.24% | 31.68% |
| 2014 | 35.11% | -0.18% |
| 2013 | 35.18% |
What is a company's Operating Margin
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.