• CSW Industrials average return on tangible equity for 2023 was -48.83, a 62.77% decline from 2022.
• CSW Industrials average return on tangible equity for 2022 was -131.15, a 135.71% decline from 2021.
• CSW Industrials average return on tangible equity for 2021 was -55.64, a 255.55% 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.