• Tokyo Electron average gross margin for 2023 was 43.12%, a 0.32% increase from 2022.
• Tokyo Electron average gross margin for 2022 was 43.26%, a 0.3% decline from 2021.
• Tokyo Electron average gross margin for 2021 was 43.13%, a 4.71% 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.