• Mercedes-Benz Group AG average return on tangible equity for 2023 was 20.69, a 37.62% decline from 2022.
• Mercedes-Benz Group AG average return on tangible equity for 2022 was 33.17, a 19.53% decline from 2021.
• Mercedes-Benz Group AG average return on tangible equity for 2021 was 27.75, a 1172.94% 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.