• Ajinomoto average ebitda margin for 2023 was 13.06%, a 2.83% increase from 2022.
• Ajinomoto average ebitda margin for 2022 was 12.7%, a 12.69% increase from 2021.
• Ajinomoto average ebitda margin for 2021 was 11.27%, a 19.33% increase from 2020.

Ebitda margin can be defined as earnings before interest, taxes, depreciation and amortization as a portion of total revenue.