• NVIDIA average return on tangible equity for 2023 was 50.51, a 6.67% increase from 2022.
• NVIDIA average return on tangible equity for 2022 was 47.35, a 17.1% increase from 2021.
• NVIDIA average return on tangible equity for 2021 was 57.12, a 76.51% 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.