• Aisin Seiki average gross margin for 2023 was 7.54%, a 2.2% increase from 2022.
• Aisin Seiki average gross margin for 2022 was 7.71%, a 15.18% decline from 2021.
• Aisin Seiki average gross margin for 2021 was 9.09%, a 0.78% decline from 2020.

Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.