• Medtronic average return on tangible equity for 2023 was -90.72, a 10.43% increase from 2022.
• Medtronic average return on tangible equity for 2022 was -101.28, a 124.62% decline from 2021.
• Medtronic average return on tangible equity for 2021 was -45.09, a 13.21% 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.