• Mattel average return on tangible equity for 2023 was 121.33, a 19.65% increase from 2022.
• Mattel average return on tangible equity for 2022 was 151.01, a 383.69% decline from 2021.
• Mattel average return on tangible equity for 2021 was -53.23, a 630.18% 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.