• New York Times average return on tangible equity for 2023 was 22.62, a 20.96% increase from 2022.
• New York Times average return on tangible equity for 2022 was 18.7, a 44.18% increase from 2021.
• New York Times average return on tangible equity for 2021 was 12.97, a 0.15% 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.