• Archer Daniels Midland average return on tangible equity for 2023 was 22.07, a 0.85% decline from 2022.
• Archer Daniels Midland average return on tangible equity for 2022 was 22.26, a 41.06% decline from 2021.
• Archer Daniels Midland average return on tangible equity for 2021 was 15.78, a 31.17% 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.