• Albemarle average return on tangible equity for 2023 was 45.93, a 80.9% decline from 2022.
• Albemarle average return on tangible equity for 2022 was 25.39, a 134.44% increase from 2021.
• Albemarle average return on tangible equity for 2021 was 10.83, a 43.97% 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.