• Yamaha Motor average return on tangible equity for 2023 was 15, a 2.46% increase from 2022.
• Yamaha Motor average return on tangible equity for 2022 was 14.64, a 8.44% increase from 2021.
• Yamaha Motor average return on tangible equity for 2021 was 15.99, a 2.3% 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.