• Ford Motor average return on tangible equity for 2023 was 10.17, a 42.05% decline from 2022.
• Ford Motor average return on tangible equity for 2022 was 17.55, a 9.58% decline from 2021.
• Ford Motor average return on tangible equity for 2021 was 19.41, a 480.59% 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.