• RBC Bearings average return on tangible equity for 2023 was -20.53, a 562.26% increase from 2022.
• RBC Bearings average return on tangible equity for 2022 was -3.1, a 133.77% increase from 2021.
• RBC Bearings average return on tangible equity for 2021 was 9.18, a 42.8% 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.