Commercial & FinanceVerified
dol meaning in oil and gas
dol means Degree of Operating Leverage. The "operating leverage" is fixed operating expenses as a percentage of revenue: revenue / operating expenses. The operating margin is operating income as a percentage of revenue.…
Definition
Degree of Operating Leverage
The "operating leverage" is fixed operating expenses as a percentage of revenue: revenue / operating expenses. The operating margin is operating income as a percentage of revenue. So the operating leverage * (1 - operating margin) = 1.