• Lenovo Group average return on tangible equity for 2023 was -54.76, a 21.95% decline from 2022.
• Lenovo Group average return on tangible equity for 2022 was -70.16, a 92.48% decline from 2021.
• Lenovo Group average return on tangible equity for 2021 was -36.45, a 79.56% 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.