• Jabil average return on tangible equity for 2023 was 50.32, a 21.3% increase from 2022.
• Jabil average return on tangible equity for 2022 was 63.94, a 22.14% decline from 2021.
• Jabil average return on tangible equity for 2021 was 52.35, a 326.65% 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.