• Ball average return on tangible equity for 2023 was -34.27, a 14.47% decline from 2022.
• Ball average return on tangible equity for 2022 was -40.07, a 33.26% decline from 2021.
• Ball average return on tangible equity for 2021 was -30.07, a 104.42% 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.