• Yaskawa Electric average return on tangible equity for 2023 was 13.77, a 7.66% decline from 2022.
• Yaskawa Electric average return on tangible equity for 2022 was 12.79, a 22.58% increase from 2021.
• Yaskawa Electric average return on tangible equity for 2021 was 16.52, a 5.55% 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.