• New Oriental Education & Technology average return on tangible equity for 2023 was 4.81, a 191.97% increase from 2022.
• New Oriental Education & Technology average return on tangible equity for 2022 was -5.23, a 165.7% decline from 2021.
• New Oriental Education & Technology average return on tangible equity for 2021 was 7.96, a 44.22% 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.