• Charles River Laboratories average return on tangible equity for 2023 was -84.79, a 14.06% increase from 2022.
• Charles River Laboratories average return on tangible equity for 2022 was -98.66, a 204.89% decline from 2021.
• Charles River Laboratories average return on tangible equity for 2021 was 94.06, a 248.89% 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.