• Nutanix average return on tangible equity for 2023 was 32.41, a 61.39% decline from 2022.
• Nutanix average return on tangible equity for 2022 was 83.95, a 28.77% decline from 2021.
• Nutanix average return on tangible equity for 2021 was 117.85, a 67.54% 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.