• Post Holdings average return on tangible equity for 2023 was -8.76, a 48.47% increase from 2022.
• Post Holdings average return on tangible equity for 2022 was -17, a 363.22% decline from 2021.
• Post Holdings average return on tangible equity for 2021 was -3.67, a 354.86% 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.