• Asahi Glass average return on tangible equity for 2023 was 7.76, a 1.97% decline from 2022.
• Asahi Glass average return on tangible equity for 2022 was 7.61, a 0.53% increase from 2021.
• Asahi Glass average return on tangible equity for 2021 was 7.57, a 10.67% increase 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.