• Hoya average net profit margin for 2023 was 21.69%, a 10.22% decline from 2022.
• Hoya average net profit margin for 2022 was 24.16%, a 2.68% decline from 2021.
• Hoya average net profit margin for 2021 was 23.53%, a 16.77% increase from 2020.

Net profit margin can be defined as net Income as a portion of total sales revenue.