• ArcelorMittal average return on tangible equity for 2023 was 5.67, a 76.52% decline from 2022.
• ArcelorMittal average return on tangible equity for 2022 was 24.15, a 19.69% decline from 2021.
• ArcelorMittal average return on tangible equity for 2021 was 30.07, a 466.71% 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.