• Home Depot average return on tangible equity for 2023 was -248.57, a 10.87% decline from 2022.
• Home Depot average return on tangible equity for 2022 was -224.19, a 42.93% increase from 2021.
• Home Depot average return on tangible equity for 2021 was -392.84, a 37.59% 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.