• Lithia Motors average return on tangible equity for 2023 was 54.32, a 8.32% decline from 2022.
• Lithia Motors average return on tangible equity for 2022 was 50.15, a 20% increase from 2021.
• Lithia Motors average return on tangible equity for 2021 was 41.79, a 10.4% 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.