• TDK average return on tangible equity for 2023 was 7.48, a 53.4% increase from 2022.
• TDK average return on tangible equity for 2022 was 16.05, a 37.3% decline from 2021.
• TDK average return on tangible equity for 2021 was 11.69, a 44.86% 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.