• AZEK average return on tangible equity for 2023 was 22.36, a 37.66% increase from 2022.
• AZEK average return on tangible equity for 2022 was 35.87, a 1253.38% decline from 2021.
• AZEK average return on tangible equity for 2021 was -3.11, a 99% 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.