• Intuit average return on tangible equity for 2023 was -59.98, a 58.18% increase from 2022.
• Intuit average return on tangible equity for 2022 was -143.42, a 191.37% decline from 2021.
• Intuit average return on tangible equity for 2021 was 156.97, a 130.7% 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.