• Trip Group average return on tangible equity for 2023 was 18.5, a 562.5% increase from 2022.
• Trip Group average return on tangible equity for 2022 was -4, a 167.34% decline from 2021.
• Trip Group average return on tangible equity for 2021 was 5.94, a 158.35% 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.