• Modine Manufacturing average return on equity for 2023 was 33.09, a 55.35% decline from 2022.
• Modine Manufacturing average return on equity for 2022 was 21.3, a 160.22% increase from 2021.
• Modine Manufacturing average return on equity for 2021 was -35.37, a 186.86% decline from 2020.

Roe - return on equity can be defined as the amount of net income returned as a percentage of shareholders equity. Return on equity measures a corporation's profitability by revealing how much profit a company generates with the money shareholders have invested.