• Bath & Body Works average return on tangible equity for 2023 was -23.6, a 46.59% increase from 2022.
• Bath & Body Works average return on tangible equity for 2022 was -44.19, a 40.54% decline from 2021.
• Bath & Body Works average return on tangible equity for 2021 was -74.32, a 499.36% 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.