• Klabin SA average return on tangible equity for 2023 was 31.04, a 36.82% decline from 2022.
• Klabin SA average return on tangible equity for 2022 was 49.13, a 16.46% decline from 2021.
• Klabin SA average return on tangible equity for 2021 was 58.81, a 200.89% decline 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.