• Lancaster Colony average return on tangible equity for 2023 was 19.04, a 21.2% increase from 2022.
• Lancaster Colony average return on tangible equity for 2022 was 15.71, a 35.69% increase from 2021.
• Lancaster Colony average return on tangible equity for 2021 was 24.43, a 10.08% 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.