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Operating Margin % is calculated as Operating Income divided by its Revenue. Aerovate Therapeutics's Operating Income for the three months ended in Mar. 2024 was $-24.62 Mil. Aerovate Therapeutics's Revenue for the three months ended in Mar. 2024 was $0.00 Mil. Therefore, Aerovate Therapeutics's Operating Margin % for the quarter that ended in Mar. 2024 was 0.00%.
The historical rank and industry rank for Aerovate Therapeutics's Operating Margin % or its related term are showing as below:
Aerovate Therapeutics's 5-Year Average Operating Margin % Growth Rate was 0.00% per year.
Aerovate Therapeutics's Operating Income for the three months ended in Mar. 2024 was $-24.62 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2024 was $-88.39 Mil.
The historical data trend for Aerovate Therapeutics's Operating Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Aerovate Therapeutics Annual Data | |||||||||||
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Operating Margin % | - | - | - | - | - |
Aerovate Therapeutics Quarterly Data | ||||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Operating Margin % | Get a 7-Day Free Trial | - | - | - | - | - |
For the Biotechnology subindustry, Aerovate Therapeutics's Operating Margin %, along with its competitors' market caps and Operating Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Biotechnology industry and Healthcare sector, Aerovate Therapeutics's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Aerovate Therapeutics's Operating Margin % falls into.
Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.
Aerovate Therapeutics's Operating Margin % for the fiscal year that ended in Dec. 2023 is calculated as
Operating Margin % | = | Operating Income (A: Dec. 2023 ) | / | Revenue (A: Dec. 2023 ) |
= | -81.409 | / | 0 | |
= | % |
Aerovate Therapeutics's Operating Margin % for the quarter that ended in Mar. 2024 is calculated as
Operating Margin % | = | Operating Income (Q: Mar. 2024 ) | / | Revenue (Q: Mar. 2024 ) |
= | -24.618 | / | 0 | |
= | % |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Aerovate Therapeutics (NAS:AVTE) Operating Margin % Explanation
Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.
Be Aware
Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).
If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.
For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokias Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).
Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.
Thank you for viewing the detailed overview of Aerovate Therapeutics's Operating Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Hunter Gillies | officer: Chief Medical Officer | C/O AEROVATE THERAPEUTICS, INC., 200 BERKELEY STREET, FLOOR 18, BOSTON MA 02116 |
Ralph Niven | officer: Chief Development Officer | C/O AEROVATE THERAPEUTICS, INC., 200 BERKELEY STREET, FLOOR 18, BOSTON MA 02116 |
Benjamin T Dake | officer: See Remarks | C/O AEROVATE THERAPEUTICS, INC., 200 BERKELEY STREET, FLOOR 18, BOSTON MA 02116 |
Marinus Verwijs | officer: SENIOR VICE PRESIDENT, CMC | C/O AEROVATE THERAPEUTICS, INC., 200 BERKELEY STREET, FLOOR 18, BOSTON MA 02116 |
Timothy P Noyes | director, officer: Chief Executive Officer | 1365 MAIN STREET, WALTHAM MA 02451 |
Habib J Dable | director | C/O ACCELERON PHARMA INC., 128 SIDNEY STREET, CAMBRIDGE MA 02139 |
Timothy Pigot | officer: Chief Commercial Officer | AEROVATE THERAPEUTICS, INC., 930 WINTER STREET, SUITE M-500, WALTHAM MA 02451 |
Donald J Santel | director | 4362 24TH STREET, SAN FRANCISCO CA 94114 |
George A Eldridge | officer: See Remarks | C/O TARGANTA THERAPEUTICS CORPORATION, 222 THIRD STREET SUITE 2300, CAMBRIDGE MA 02142 |
Allison Dorval | director | C/O INSULET CORPORATION, 600 TECHNOLOGY PARK DRIVE, SUITE 200, BILLERICA MA 01821 |
Cormorant Asset Management, Lp | 10 percent owner | 200 CLARENDON STREET, 52ND FLOOR, BOSTON MA 02116 |
Maha Katabi | director, 10 percent owner | SOFINNOVA INVESTMENTS, 3000 SAND HILL ROAD, 4-250, MENLO PARK CA 94025 |
Ra Capital Healthcare Fund Lp | director, 10 percent owner | 200 BERKELEY STREET, 18TH FLOOR, BOSTON MA 02116 |
Ra Capital Management, L.p. | director, 10 percent owner | 200 BERKELEY STREET, 18TH FLOOR, BOSTON MA 02116 |
Peter Kolchinsky | director, 10 percent owner | 200 BERKELEY STREET, 18TH FLOOR, BOSTON MA 02116 |
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