• AGCO average return on tangible equity for 2023 was 46.8, a 2.28% decline from 2022.
• AGCO average return on tangible equity for 2022 was 47.89, a 8.8% decline from 2021.
• AGCO average return on tangible equity for 2021 was 52.51, a 174.78% 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.