• Genuine Parts average return on tangible equity for 2023 was -320.61, a 15.64% increase from 2022.
• Genuine Parts average return on tangible equity for 2022 was -277.25, a 83.59% increase from 2021.
• Genuine Parts average return on tangible equity for 2021 was -1690, a 3565.94% decline 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.