• Fanuc average return on tangible equity for 2022 was 7.96, a 5.8% increase from 2021.
• Fanuc average return on tangible equity for 2021 was 8.45, a 1.52% decline from 2020.
• Fanuc average return on tangible equity for 2020 was 8.58, a 16.78% decline from 2019.

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.