• Best Buy average return on tangible equity for 2023 was 90.57, a 1.71% decline from 2022.
• Best Buy average return on tangible equity for 2022 was 92.15, a 28.67% decline from 2021.
• Best Buy average return on tangible equity for 2021 was 71.62, a 11.56% 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.