• Conagra Brands average return on tangible equity for 2023 was -15.47, a 27.22% decline from 2022.
• Conagra Brands average return on tangible equity for 2022 was -12.16, a 27.32% increase from 2021.
• Conagra Brands average return on tangible equity for 2021 was -16.73, a 43.11% decline 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.