• Tokyo Electron average return on tangible equity for 2023 was 26.83, a 3.32% increase from 2022.
• Tokyo Electron average return on tangible equity for 2022 was 27.75, a 1.87% decline from 2021.
• Tokyo Electron average return on tangible equity for 2021 was 28.28, a 15.95% 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.