• Brookfield Renewable average return on tangible equity for 2023 was 5.72, a 16.97% decline from 2022.
• Brookfield Renewable average return on tangible equity for 2022 was 4.89, a 123.58% increase from 2021.
• Brookfield Renewable average return on tangible equity for 2021 was -20.74, a 80.07% 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.