• Credit Acceptance average return on tangible equity for 2023 was 20.4, a 51.18% decline from 2022.
• Credit Acceptance average return on tangible equity for 2022 was 41.79, a 8.04% decline from 2021.
• Credit Acceptance average return on tangible equity for 2021 was 38.68, a 114.06% 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.