• Kontoor Brands average return on tangible equity for 2023 was 737.18, a 208.74% decline from 2022.
• Kontoor Brands average return on tangible equity for 2022 was -677.9, a 281.21% decline from 2021.
• Kontoor Brands average return on tangible equity for 2021 was -177.83, a 605.95% 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.