• APA average return on tangible equity for 2024 was 57.51, a 49.86% decline from 2023.
• APA average return on tangible equity for 2023 was 114.7, a 97.41% decline from 2022.
• APA average return on tangible equity for 2022 was 4435.65, a 2289.58% decline from 2021.

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.