• Stora Enso Oyj average return on tangible equity for 2023 was 5.5, a 62.53% decline from 2022.
• Stora Enso Oyj average return on tangible equity for 2022 was 14.68, a 42.39% decline from 2021.
• Stora Enso Oyj average return on tangible equity for 2021 was 10.31, a 34.07% 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.