MPLX LP Return On Tangible Equity 2011-2024 | MPLX
- MPLX LP average return on tangible equity for 2023 was 94.93, a 5.44% decline from 2022.
- MPLX LP average return on tangible equity for 2022 was 90.03, a 39.02% increase from 2021.
- MPLX LP average return on tangible equity for 2021 was 64.76, a 273.11% 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.