JAPAN TOB Gross Margin 2016-2024 | JAPAY
- JAPAN TOB average gross margin for 2023 was 59.7%, a 1.08% decline from 2022.
- JAPAN TOB average gross margin for 2022 was 59.06%, a 1.01% increase from 2021.
- JAPAN TOB average gross margin for 2021 was 58.47%, a 0.05% 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.