• Daikin Industries average return on tangible equity for 2023 was 19.3, a 10.85% decline from 2022.
• Daikin Industries average return on tangible equity for 2022 was 21.65, a 10.5% decline from 2021.
• Daikin Industries average return on tangible equity for 2021 was 24.19, a 2.93% 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.