• Balchem average return on tangible equity for 2023 was 160.89, a 5.72% decline from 2022.
• Balchem average return on tangible equity for 2022 was 170.66, a 282.56% decline from 2021.
• Balchem average return on tangible equity for 2021 was 44.61, a 39.14% 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.