• Cal-Maine Foods average return on tangible equity for 2023 was 47.69, a 121.81% decline from 2022.
• Cal-Maine Foods average return on tangible equity for 2022 was 21.5, a 1114.69% increase from 2021.
• Cal-Maine Foods average return on tangible equity for 2021 was 1.77, a 1.67% 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.