According to Bank of Innovation's latest financial reports and stock price the company's current Operating Margin is 11.62%. At the end of 2023 the company had an Operating Margin of 23.06%.
Year | Operating Margin | Change |
---|---|---|
2023 | 23.06% | -155.17% |
2022 | -41.80% | 10.99% |
2021 | -37.66% | 1540.05% |
2020 | -2.30% | -119.14% |
2019 | 12.00% | 19.08% |
2018 | 10.08% | 155.47% |
2017 | 3.94% | -124.15% |
2016 | -16.33% |
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.