• Brother Industries average return on tangible equity for 2023 was 7.88, a 37.36% decline from 2022.
• Brother Industries average return on tangible equity for 2022 was 12.58, a 52.48% decline from 2021.
• Brother Industries average return on tangible equity for 2021 was 8.25, a 46.5% 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.