Sumitomo Gross Margin 2012-2024 | SSUMY
- Sumitomo average gross margin for 2023 was 17.94%, a 0.9% increase from 2022.
- Sumitomo average gross margin for 2022 was 17.78%, a 0.5% increase from 2021.
- Sumitomo average gross margin for 2021 was 17.87%, a 2.46% 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.