• Acuity Brands Inc average return on tangible equity for 2023 was 103.17, a 4.51% decline from 2022.
• Acuity Brands Inc average return on tangible equity for 2022 was 98.72, a 11.97% increase from 2021.
• Acuity Brands Inc average return on tangible equity for 2021 was 88.17, a 20.17% 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.