Magna Return On Tangible Equity 2010-2024 | MGA

Magna return on tangible equity for the quarter ending September 30, 2024 was 12.46.

  • 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.
  • Magna average return on tangible equity for 2021 was 17.98, a 207.35% 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.

Magna Return On Tangible Equity 2010-2024 | MGA

  • 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.
  • Magna average return on tangible equity for 2021 was 17.98, a 207.35% 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.
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