• HF Sinclair average return on tangible equity for 2023 was 37.51, a 1.71% decline from 2022.
• HF Sinclair average return on tangible equity for 2022 was 36.88, a 333.88% increase from 2021.
• HF Sinclair average return on tangible equity for 2021 was 8.5, a 202.29% 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.