• Nippon Paint Holdings average operating margin for 2023 was 10.31%, a 20.02% increase from 2022.
• Nippon Paint Holdings average operating margin for 2022 was 8.59%, a 14.95% increase from 2021.
• Nippon Paint Holdings average operating margin for 2021 was 10.1%, a 1.85% 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.