• Ensign average return on tangible equity for 2023 was 18.95, a 9.46% decline from 2022.
• Ensign average return on tangible equity for 2022 was 20.93, a 9.82% decline from 2021.
• Ensign average return on tangible equity for 2021 was 23.21, a 1.04% 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.