• Eaton average return on tangible equity for 2023 was -151.29, a 157.16% increase from 2022.
• Eaton average return on tangible equity for 2022 was -58.83, a 11.21% increase from 2021.
• Eaton average return on tangible equity for 2021 was -52.9, a 14.92% 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.