• 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.
• Bio-Techne Corp average return on tangible equity for 2021 was 77.2, a 68.53% 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.