• ICL Group average return on tangible equity for 2023 was 24.35, a 42.41% decline from 2022.
• ICL Group average return on tangible equity for 2022 was 42.28, a 228.52% decline from 2021.
• ICL Group average return on tangible equity for 2021 was 12.87, a 270.89% 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.