• PTC average return on tangible equity for 2023 was -24.65, a 67.12% decline from 2022.
• PTC average return on tangible equity for 2022 was -74.98, a 40.75% decline from 2021.
• PTC average return on tangible equity for 2021 was -53.27, a 179.05% 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.