• Carlyle Group average return on tangible equity for 2023 was 3.2, a 90.89% decline from 2022.
• Carlyle Group average return on tangible equity for 2022 was 35.13, a 49.31% decline from 2021.
• Carlyle Group average return on tangible equity for 2021 was 69.3, a 1339.71% 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.