• Lennox average return on tangible equity for 2023 was -283.58, a 207.64% decline from 2022.
• Lennox average return on tangible equity for 2022 was -92.18, a 31.11% increase from 2021.
• Lennox average return on tangible equity for 2021 was -133.8, a 52.36% 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.