• Kone Oyj average return on tangible equity for 2023 was 117.29, a 54.13% increase from 2022.
• Kone Oyj average return on tangible equity for 2022 was 76.1, a 7.6% increase from 2021.
• Kone Oyj average return on tangible equity for 2021 was 82.36, a 8.64% 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.