The Operating margin of New West Energy Services Inc. is -21.52%
Operating margin is the ratio of operating income divided by net sales and presented in percent.
ttm (trailing twelve months)
Operating margin is an indicator of profitability and is often used to compare the profitability of companies and industries of differing sizes. Companies are collections of projects and markets, individual areas can be judged on how successful they are at adding to the corporate net profit. Not all projects are of equal size, however, and one way to adjust for size is to divide the profit by sales revenue. The resulting ratio is the percentage of sales revenue that gets 'returned' to the company as net profits after all the related costs of the activity are deducted.
New West Energy Services Inc. provides waste management and environmental services to the drilling, completions, and production sectors of the oil and gas industry in Canada. The company operates through two business segments: Vacuum and Water Truck Services, and Environmental Services. Its environmental services cover drilling waste testing, disposal, and treatment; mud system management; disposal management and coordination; pipeline crossings project management; sump suitability assessments; spill response and management; pre-disturbance environmental assessments and approvals; and drilling and completions water management, including TDL application, sourcing, monitoring, and usage tracking. The company was formerly known as Lexacal Investment Corp. and changed its name to New West Energy Services Inc. in October 2007. New West Energy Services Inc. was incorporated in 1986 and is headquartered in Calgary, Canada.