• Alphabet average return on tangible equity for 2023 was 27.9, a 7.8% increase from 2022.
• Alphabet average return on tangible equity for 2022 was 30.26, a 4.03% decline from 2021.
• Alphabet average return on tangible equity for 2021 was 31.53, a 62.19% 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.