• Crocs average return on tangible equity for 2023 was -45.77, a 38.71% increase from 2022.
• Crocs average return on tangible equity for 2022 was -74.68, a 129.47% decline from 2021.
• Crocs average return on tangible equity for 2021 was 253.38, a 50.79% 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.