• Repligen average return on tangible equity for 2023 was 15.06, a 44.92% decline from 2022.
• Repligen average return on tangible equity for 2022 was 27.34, a 54.38% decline from 2021.
• Repligen average return on tangible equity for 2021 was 17.71, a 78.89% 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.