• Canon average return on tangible equity for 2023 was 12.06, a 4.69% decline from 2022.
• Canon average return on tangible equity for 2022 was 11.52, a 7.66% increase from 2021.
• Canon average return on tangible equity for 2021 was 10.7, a 98.52% 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.