• Makita average operating margin for 2023 was 11.18%, a 9.55% decline from 2022.
• Makita average operating margin for 2022 was 12.36%, a 16.26% decline from 2021.
• Makita average operating margin for 2021 was 14.76%, a 0.67% decline 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.