• BASF SE average return on tangible equity for 2023 was -4.41, a 134.89% decline from 2022.
• BASF SE average return on tangible equity for 2022 was 12.64, a 5.81% decline from 2021.
• BASF SE average return on tangible equity for 2021 was 13.42, a 215.02% 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.