• HP average return on tangible equity for 2023 was -24.11, a 60.12% increase from 2022.
• HP average return on tangible equity for 2022 was -60.45, a 28.7% decline from 2021.
• HP average return on tangible equity for 2021 was -46.97, a 27.64% 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.