According to Max Healthcare Institute's latest financial reports and stock price the company's current Operating Margin is 24.06%. At the end of 2023 the company had an Operating Margin of 23.31%.
Year | Operating Margin | Change |
---|---|---|
2023 | 23.31% | 22.52% |
2022 | 19.03% | -788.07% |
2021 | -2.77% | -157.8% |
2020 | 4.78% | 861.25% |
2019 | 0.50% | -132.16% |
2018 | -1.55% | -573.5% |
2017 | 0.33% | -121.67% |
2016 | -1.51% |
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.