• Otis Worldwide average return on tangible equity for 2023 was -20.1, a 0.9% increase from 2022.
• Otis Worldwide average return on tangible equity for 2022 was -19.92, a 5.23% increase from 2021.
• Otis Worldwide average return on tangible equity for 2021 was -21.02, a 35.48% 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.