• BMW average return on tangible equity for 2023 was 15.2, a 45.54% decline from 2022.
• BMW average return on tangible equity for 2022 was 27.91, a 49.81% decline from 2021.
• BMW average return on tangible equity for 2021 was 18.63, a 156.61% 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.