Elastic Return On Tangible Equity 2018-2024 | ESTC
- Elastic average return on tangible equity for 2023 was -379.15, a 51.33% decline from 2022.
- Elastic average return on tangible equity for 2022 was -250.54, a 263.95% increase from 2021.
- Elastic average return on tangible equity for 2021 was -68.84, a 15.78% 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.