• MakeMyTrip average return on tangible equity for 2023 was 7.38, a 148.17% increase from 2022.
• MakeMyTrip average return on tangible equity for 2022 was -15.32, a 44.69% decline from 2021.
• MakeMyTrip average return on tangible equity for 2021 was -27.7, a 90.07% 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.