• Intuitive Surgical average return on tangible equity for 2023 was 14.07, a 5% increase from 2022.
• Intuitive Surgical average return on tangible equity for 2022 was 13.4, a 18.04% increase from 2021.
• Intuitive Surgical average return on tangible equity for 2021 was 16.35, a 8.42% 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.