• BellRing Brands average return on tangible equity for 2023 was -25.72, a 264.31% increase from 2022.
• BellRing Brands average return on tangible equity for 2022 was -7.06, a 667.39% increase from 2021.
• BellRing Brands average return on tangible equity for 2021 was -0.92, a 49.45% 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.