• Matson average return on tangible equity for 2023 was 25.74, a 73.2% decline from 2022.
• Matson average return on tangible equity for 2022 was 96.06, a 3.95% decline from 2021.
• Matson average return on tangible equity for 2021 was 92.41, a 133.24% 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.