• Oracle average return on tangible equity for 2023 was -12.66, a 1.71% increase from 2022.
• Oracle average return on tangible equity for 2022 was -12.88, a 59.7% decline from 2021.
• Oracle average return on tangible equity for 2021 was -31.96, a 1.72% 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.