• Colgate-Palmolive average return on tangible equity for 2023 was -36.74, a 5.11% increase from 2022.
• Colgate-Palmolive average return on tangible equity for 2022 was -38.72, a 15.27% decline from 2021.
• Colgate-Palmolive average return on tangible equity for 2021 was -45.7, a 1.27% 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.