• TDK average return on tangible equity for 2023 was 6.65, a 57.64% increase from 2022.
• TDK average return on tangible equity for 2022 was 15.7, a 28.58% decline from 2021.
• TDK average return on tangible equity for 2021 was 12.21, a 56.74% 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.