• FMC average return on tangible equity for 2023 was -144.82, a 72.02% decline from 2022.
• FMC average return on tangible equity for 2022 was -84.19, a 40.76% increase from 2021.
• FMC average return on tangible equity for 2021 was -59.81, a 58.44% 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.