• Sysco average return on tangible equity for 2023 was -46.82, a 46.91% increase from 2022.
• Sysco average return on tangible equity for 2022 was -31.87, a 148.79% increase from 2021.
• Sysco average return on tangible equity for 2021 was -12.81, a 6.02% 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.