• Axalta Coating Systems average return on tangible equity for 2023 was -23.3, a 34.68% increase from 2022.
• Axalta Coating Systems average return on tangible equity for 2022 was -17.3, a 22.21% increase from 2021.
• Axalta Coating Systems average return on tangible equity for 2021 was -22.24, a 71.47% 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.