• Royal Caribbean Cruises average return on tangible equity for 2023 was 9.96, a 109.96% increase from 2022.
• Royal Caribbean Cruises average return on tangible equity for 2022 was -100, a 37.31% decline from 2021.
• Royal Caribbean Cruises average return on tangible equity for 2021 was -72.83, a 116.63% 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.