• Omron average gross margin for 2023 was 45.02%, a 0.11% increase from 2022.
• Omron average gross margin for 2022 was 45.07%, a 27.77% decline from 2021.
• Omron average gross margin for 2021 was 62.4%, a 19.09% decline 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.