• Alibaba average return on tangible equity for 2024 was 11.08, a 7.82% increase from 2023.
• Alibaba average return on tangible equity for 2023 was 12.02, a 127.65% decline from 2022.
• Alibaba average return on tangible equity for 2022 was 5.28, a 70.7% increase from 2021.

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.