• Baidu average return on tangible equity for 2023 was 8.5, a 504.76% increase from 2022.
• Baidu average return on tangible equity for 2022 was -2.1, a 112.46% decline from 2021.
• Baidu average return on tangible equity for 2021 was 16.85, a 86.39% decline 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.