• Koninklijke Philips average operating margin for 2023 was -1.41%, a 136.53% decline from 2022.
• Koninklijke Philips average operating margin for 2022 was 3.86%, a 28.78% decline from 2021.
• Koninklijke Philips average operating margin for 2021 was 5.42%, a 15.44% 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.