• Boot Barn Holdings average return on tangible equity for 2024 was 22.76, a 30.06% decline from 2023.
• Boot Barn Holdings average return on tangible equity for 2023 was 32.54, a 43.27% decline from 2022.
• Boot Barn Holdings average return on tangible equity for 2022 was 57.36, a 26.65% decline from 2021.

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.