• Amcor average return on tangible equity for 2023 was -33.79, a 3.59% decline from 2022.
• Amcor average return on tangible equity for 2022 was -35.05, a 4.13% decline from 2021.
• Amcor average return on tangible equity for 2021 was -36.56, a 27.12% 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.