• Royal Bank Of Canada average return on tangible equity for 2023 was 15.71, a 14.9% increase from 2022.
• Royal Bank Of Canada average return on tangible equity for 2022 was 18.46, a 2.38% decline from 2021.
• Royal Bank Of Canada average return on tangible equity for 2021 was 18.91, a 8.8% 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.