• Commercial Metals average return on tangible equity for 2023 was 28.75, a 32.62% decline from 2022.
• Commercial Metals average return on tangible equity for 2022 was 42.67, a 117.93% decline from 2021.
• Commercial Metals average return on tangible equity for 2021 was 19.58, a 14.57% 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.