• Target average operating margin for 2024 was 5.47%, a 36.07% decline from 2023.
• Target average operating margin for 2023 was 4.02%, a 37.19% increase from 2022.
• Target average operating margin for 2022 was 6.4%, a 21.47% decline from 2021.

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.