• Johnson & Johnson average return on tangible equity for 2023 was -292.4, a 78.02% decline from 2022.
• Johnson & Johnson average return on tangible equity for 2022 was -1330.6, a 1238.63% decline from 2021.
• Johnson & Johnson average return on tangible equity for 2021 was -99.4, a 26.51% 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.