• Gildan Activewear average return on tangible equity for 2023 was 35.38, a 25.47% decline from 2022.
• Gildan Activewear average return on tangible equity for 2022 was 47.47, a 62.68% decline from 2021.
• Gildan Activewear average return on tangible equity for 2021 was 29.18, a 316.31% 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.