• Adidas AG average return on tangible equity for 2023 was -2.59, a 109.85% decline from 2022.
• Adidas AG average return on tangible equity for 2022 was 26.29, a 13.38% decline from 2021.
• Adidas AG average return on tangible equity for 2021 was 30.35, a 92.94% decline from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.