• Sea average return on tangible equity for 2023 was 0.04, a 100.1% increase from 2022.
• Sea average return on tangible equity for 2022 was -40.86, a 36.92% decline from 2021.
• Sea average return on tangible equity for 2021 was -64.77, a 73.5% 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.