• Baxter average return on tangible equity for 2023 was -4.14, a 318.18% decline from 2022.
• Baxter average return on tangible equity for 2022 was -0.99, a 101.22% increase from 2021.
• Baxter average return on tangible equity for 2021 was 81.03, a 180.19% 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.