• Berkshire Hathaway average return on tangible equity for 2023 was 16.38, a 264% decline from 2022.
• Berkshire Hathaway average return on tangible equity for 2022 was 4.5, a 83.52% increase from 2021.
• Berkshire Hathaway average return on tangible equity for 2021 was 27.31, a 194.61% 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.