• Aisin Seiki average return on tangible equity for 2022 was 1.81, a 41.04% increase from 2021.
• Aisin Seiki average return on tangible equity for 2021 was 3.07, a 37.05% decline from 2020.
• Aisin Seiki average return on tangible equity for 2020 was 2.24, a 67.49% increase from 2019.

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.