• Asahi Glass average gross margin for 2023 was 27.44%, a 1.75% decline from 2022.
• Asahi Glass average gross margin for 2022 was 27.93%, a 1.38% decline from 2021.
• Asahi Glass average gross margin for 2021 was 27.55%, a 2.76% increase 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.