• Estee Lauder average return on tangible equity for 2023 was 366.14, a 120.67% decline from 2022.
• Estee Lauder average return on tangible equity for 2022 was -1771.12, a 351.75% decline from 2021.
• Estee Lauder average return on tangible equity for 2021 was 703.51, a 460.66% 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.