Gates Industrial Return On Tangible Equity 2015-2024 | GTES
- Gates Industrial average return on tangible equity for 2023 was 12713.15, a 13322.2% decline from 2022.
- Gates Industrial average return on tangible equity for 2022 was -96.15, a 124.91% decline from 2021.
- Gates Industrial average return on tangible equity for 2021 was -42.75, a 366.7% 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.