According to Titan Cement International's latest financial reports and stock price the company's current Operating Margin is 12.74%. At the end of 2023 the company had an Operating Margin of 13.34%.
Year | Operating Margin | Change |
---|---|---|
2023 | 13.34% | 121.85% |
2022 | 6.01% | -4.88% |
2021 | 6.32% | 174.97% |
2020 | 2.30% | -42.52% |
2019 | 4.00% | -27.84% |
2018 | 5.54% | 32.01% |
2017 | 4.20% | -0.25% |
2016 | 4.21% |
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.