• Hennes & Mauritz AB average return on tangible equity for 2023 was 13.16, a 32.3% increase from 2022.
• Hennes & Mauritz AB average return on tangible equity for 2022 was 19.44, a 62% decline from 2021.
• Hennes & Mauritz AB average return on tangible equity for 2021 was 12, a 8.19% increase 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.