Southern States Bancshares
SSBK
$26.45
Share price
0.76%
Change (1 day)
29.85%
Change (1 year)
Categories
Operating Margin for Southern States Bancshares (SSBK)
Operating Margin as of May 2024 (TTM): 45.44%
According to Southern States Bancshares's latest financial reports and stock price the company's current Operating Margin is 45.44%. At the end of 2021 the company had an Operating Margin of 38.14%.
Operating Margin history for Southern States Bancshares from 2020 to 2023
Operating Margin at the end of each year
| Year | Operating Margin | Change |
|---|---|---|
| 2021 | 38.14% | 30.62% |
| 2020 | 29.20% | 50.02% |
| 2019 | 19.46% |
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.