• Kion Group average return on tangible equity for 2023 was 200.7, a 385.53% decline from 2022.
• Kion Group average return on tangible equity for 2022 was -70.29, a 79.17% decline from 2021.
• Kion Group average return on tangible equity for 2021 was -39.23, a 174.34% 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.