• General Motors average return on tangible equity for 2023 was 14.45, a 3.44% increase from 2022.
• General Motors average return on tangible equity for 2022 was 13.97, a 35.71% increase from 2021.
• General Motors average return on tangible equity for 2021 was 21.73, a 126.35% 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.