• Manhattan Associates average return on tangible equity for 2023 was 112.87, a 49.36% decline from 2022.
• Manhattan Associates average return on tangible equity for 2022 was 75.57, a 8.83% increase from 2021.
• Manhattan Associates average return on tangible equity for 2021 was 69.44, a 28.4% 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.