• Elastic average operating margin for 2023 was -18.89%, a 9.36% decline from 2022.
• Elastic average operating margin for 2022 was -20.84%, a 1.26% decline from 2021.
• Elastic average operating margin for 2021 was -20.58%, a 42.87% increase 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.