• Ricoh average gross margin for 2023 was 34.76%, a 1.28% increase from 2022.
• Ricoh average gross margin for 2022 was 35.21%, a 1.91% decline from 2021.
• Ricoh average gross margin for 2021 was 34.55%, a 1.37% 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.