• Allison Transmission Holdings average return on tangible equity for 2023 was -32.19, a 49.37% increase from 2022.
• Allison Transmission Holdings average return on tangible equity for 2022 was -21.55, a 33.44% increase from 2021.
• Allison Transmission Holdings average return on tangible equity for 2021 was -16.15, a 7.56% 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.