• Packaging Of America average return on tangible equity for 2023 was 31.75, a 18.46% decline from 2022.
• Packaging Of America average return on tangible equity for 2022 was 38.94, a 28.13% decline from 2021.
• Packaging Of America average return on tangible equity for 2021 was 30.39, a 9.55% 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.