World226_PD_01

Calculate operating cost before D&A as a percentage of sales ("operating cost margin") for each of GYM, Life Time, Planet Fitness, and Xponential fitness for each year from FY2021 to FY2024 before D&A, then calculate the average of those results.

Print your answers as a reply to me here. Give them as percentages, rounded to two decimal places.

Based on the available 10Ks:
- PLANET FITNESS, INC.'s operating cost margin average from FY2021 to FY2024 is 61.66%.
- The Gym Group plc's operating cost margin average from FY2021 to FY2024 is 65.94%
- LIFE TIME GROUP HOLDINGS' operating cost margin average from FY2021 to FY2024 is 88.95%.
- Xponential Fitness, Inc.'s operating cost margin average from FY2021 to FY2024 is 103.40%.