AB Volvo Gross Margin 2016-2024 | VLVLY
- AB Volvo average gross margin for 2023 was 25.81%, a 9.27% increase from 2022.
- AB Volvo average gross margin for 2022 was 23.62%, a 2.6% increase from 2021.
- AB Volvo average gross margin for 2021 was 24.25%, a 3.63% 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.