• CAE Inc average return on tangible equity for 2023 was 54.83, a 61.93% decline from 2022.
• CAE Inc average return on tangible equity for 2022 was 33.86, a 363.2% increase from 2021.
• CAE Inc average return on tangible equity for 2021 was 7.31, a 77.5% 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.