• Ross Stores average return on tangible equity for 2023 was 37.3, a 3.79% increase from 2022.
• Ross Stores average return on tangible equity for 2022 was 38.77, a 39.16% decline from 2021.
• Ross Stores average return on tangible equity for 2021 was 27.86, a 3.84% 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.