• Campbell Soup average return on tangible equity for 2023 was -22.58, a 3.15% decline from 2022.
• Campbell Soup average return on tangible equity for 2022 was -21.89, a 7.51% increase from 2021.
• Campbell Soup average return on tangible equity for 2021 was -20.36, a 32.56% 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.