• Seiko Epson average return on tangible equity for 2023 was 9.14, a 37.82% decline from 2022.
• Seiko Epson average return on tangible equity for 2022 was 14.7, a 46.41% decline from 2021.
• Seiko Epson average return on tangible equity for 2021 was 10.04, a 55.66% 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.