• Lenovo Group average operating margin for 2023 was 3.76%, a 14.55% decline from 2022.
• Lenovo Group average operating margin for 2022 was 4.4%, a 11.96% decline from 2021.
• Lenovo Group average operating margin for 2021 was 3.93%, a 27.6% 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.