• Eaton average return on tangible equity for 2023 was -114.4, a 108.11% increase from 2022.
• Eaton average return on tangible equity for 2022 was -54.97, a 4.57% increase from 2021.
• Eaton average return on tangible equity for 2021 was -52.57, a 27.69% 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.