Magna Return On Tangible Equity 2010-2025 | MGA
- Magna average return on tangible equity for 2024 was 12.01, a 13.73% increase from 2023.
- Magna average return on tangible equity for 2023 was 10.56, a 12.34% increase from 2022.
- Magna average return on tangible equity for 2022 was 9.4, a 47.72% increase from 2021.
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.