• Open Text average return on tangible equity for 2023 was -4.26, a 72.53% increase from 2022.
• Open Text average return on tangible equity for 2022 was -15.51, a 7.24% decline from 2021.
• Open Text average return on tangible equity for 2021 was -16.72, a 54.67% 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.