• Kubota average return on tangible equity for 2023 was 12.16, a 32.46% decline from 2022.
• Kubota average return on tangible equity for 2022 was 9.18, a 15.93% increase from 2021.
• Kubota average return on tangible equity for 2021 was 10.92, a 23.11% 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.