• Jfe Holdings average operating margin for 2023 was 3.91%, a 38.71% increase from 2022.
• Jfe Holdings average operating margin for 2022 was 6.38%, a 61.52% decline from 2021.
• Jfe Holdings average operating margin for 2021 was 3.95%, a 874.51% increase from 2020.

Operating margin can be defined as operating margin measurement of what proportion of a company's revenue is left over after paying for variable costs of production such as wages, raw materials, etc.