• Covestro AG average return on tangible equity for 2023 was -11.44, a 179.39% decline from 2022.
• Covestro AG average return on tangible equity for 2022 was 14.41, a 40.94% decline from 2021.
• Covestro AG average return on tangible equity for 2021 was 24.4, a 305.99% 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.