• Nutrien average return on tangible equity for 2023 was 31.27, a 51.36% decline from 2022.
• Nutrien average return on tangible equity for 2022 was 64.29, a 206.14% decline from 2021.
• Nutrien average return on tangible equity for 2021 was 21, a 204.35% 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.