• Dillard's average return on tangible equity for 2023 was 51.4, a 15.01% decline from 2022.
• Dillard's average return on tangible equity for 2022 was 60.48, a 197.35% decline from 2021.
• Dillard's average return on tangible equity for 2021 was 20.34, a 723.93% 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.