• Nidec average ebitda margin for 2023 was 10.34%, a 25.5% increase from 2022.
• Nidec average ebitda margin for 2022 was 13.88%, a 11.25% decline from 2021.
• Nidec average ebitda margin for 2021 was 15.64%, a 14.24% decline from 2020.

Ebitda margin can be defined as earnings before interest, taxes, depreciation and amortization as a portion of total revenue.