• IDEX average return on tangible equity for 2024 was -196.33, a 3.71% decline from 2023.
• IDEX average return on tangible equity for 2023 was -189.31, a 93.53% increase from 2022.
• IDEX average return on tangible equity for 2022 was -2926.08, a 257.13% decline 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.