• Bio-Techne Corp average return on tangible equity for 2024 was 32.15, a 46.07% decline from 2023.
• Bio-Techne Corp average return on tangible equity for 2023 was 59.61, a 32.65% decline from 2022.
• Bio-Techne Corp average return on tangible equity for 2022 was 88.51, a 14.65% decline from 2021.

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.