• SSAB average return on tangible equity for 2023 was -15.38, a 147.79% decline from 2022.
• SSAB average return on tangible equity for 2022 was 32.18, a 35.61% decline from 2021.
• SSAB average return on tangible equity for 2021 was 23.73, a 741.35% 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.