• Starbucks average return on tangible equity for 2023 was -33, a 3.09% decline from 2022.
• Starbucks average return on tangible equity for 2022 was -32.01, a 16.27% increase from 2021.
• Starbucks average return on tangible equity for 2021 was -27.53, a 92.25% 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.