• MercadoLibre average return on tangible equity for 2023 was 43.19, a 69.31% decline from 2022.
• MercadoLibre average return on tangible equity for 2022 was 25.51, a 104.08% increase from 2021.
• MercadoLibre average return on tangible equity for 2021 was 12.5, a 340.85% 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.