• Klabin SA average return on tangible equity for 2023 was 35.12, a 26.68% decline from 2022.
• Klabin SA average return on tangible equity for 2022 was 47.9, a 21.83% decline from 2021.
• Klabin SA average return on tangible equity for 2021 was 61.28, a 205.13% 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.