• Sandvik AB average return on tangible equity for 2023 was 67.26, a 42.62% decline from 2022.
• Sandvik AB average return on tangible equity for 2022 was 47.16, a 66.29% increase from 2021.
• Sandvik AB average return on tangible equity for 2021 was 28.36, a 82.15% 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.