• Sea average operating margin for 2023 was 0.42%, a 102.58% decline from 2022.
• Sea average operating margin for 2022 was -16.3%, a 17.64% decline from 2021.
• Sea average operating margin for 2021 was -19.79%, a 42.49% 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.