• Bridgestone average return on tangible equity for 2023 was 19.22, a 3.28% increase from 2022.
• Bridgestone average return on tangible equity for 2022 was 18.61, a 4.22% increase from 2021.
• Bridgestone average return on tangible equity for 2021 was 19.43, a 111.43% 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.