• Nordson average return on tangible equity for 2023 was 685.22, a 28.46% decline from 2022.
• Nordson average return on tangible equity for 2022 was 533.42, a 342.39% increase from 2021.
• Nordson average return on tangible equity for 2021 was -220.07, a 202.54% 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.