• Denso average ebit margin for 2022 was 2.6%, a 21.45% increase from 2021.
• Denso average ebit margin for 2021 was 3.31%, a 5.75% decline from 2020.
• Denso average ebit margin for 2020 was 3.13%, a 51.92% increase from 2019.

Ebit margin can be defined as earnings before interest and taxes as a portion of total revenues