Novozymes Gross Margin 2011-2023 | NVZMY
- Novozymes average gross margin for 2022 was 55.73%, a 2.62% decline from 2021.
- Novozymes average gross margin for 2021 was 57.23%, a 2.36% decline from 2020.
- Novozymes average gross margin for 2020 was 55.91%, a 0.14% increase from 2019.
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.