• Holcim average return on tangible equity for 2016 was -4.98, a 176.85% increase from 2015.
• Holcim average return on tangible equity for 2015 was 6.48, a 37.57% decline from 2014.
• Holcim average return on tangible equity for 2014 was 10.38, a 27.05% decline from 2013.

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.