• Amazon average return on tangible equity for 2023 was 11.89, a 28.26% increase from 2022.
• Amazon average return on tangible equity for 2022 was 9.27, a 71.99% increase from 2021.
• Amazon average return on tangible equity for 2021 was 33.1, a 15.53% 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.