• Clorox average return on tangible equity for 2023 was -5.43, a 76.74% increase from 2022.
• Clorox average return on tangible equity for 2022 was -23.34, a 34.59% decline from 2021.
• Clorox average return on tangible equity for 2021 was -35.68, a 41.25% 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.