• Hershey average return on tangible equity for 2024 was -469.45, a 167.63% increase from 2023.
• Hershey average return on tangible equity for 2023 was -175.41, a 74.47% increase from 2022.
• Hershey average return on tangible equity for 2022 was -100.54, a 15.03% increase from 2021.

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.