• Netflix average return on tangible equity for 2023 was 21.41, a 24.05% increase from 2022.
• Netflix average return on tangible equity for 2022 was 28.19, a 21.87% decline from 2021.
• Netflix average return on tangible equity for 2021 was 36.08, a 16.54% 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.