• Norsk Hydro average return on tangible equity for 2023 was 10.39, a 61.63% decline from 2022.
• Norsk Hydro average return on tangible equity for 2022 was 27.08, a 113.4% decline from 2021.
• Norsk Hydro average return on tangible equity for 2021 was 12.69, a 463.61% 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.