• Yamaha Motor average gross margin for 2023 was 27.38%, a 2.78% increase from 2022.
• Yamaha Motor average gross margin for 2022 was 26.64%, a 1.44% increase from 2021.
• Yamaha Motor average gross margin for 2021 was 27.03%, a 0.48% 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.