• Nintendo average return on tangible equity for 2023 was 25.74, a 29.22% decline from 2022.
• Nintendo average return on tangible equity for 2022 was 19.92, a 20% increase from 2021.
• Nintendo average return on tangible equity for 2021 was 16.6, a 26.81% 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.