• Teck Resources average return on tangible equity for 2023 was 8.57, a 54.15% decline from 2022.
• Teck Resources average return on tangible equity for 2022 was 18.69, a 310.77% decline from 2021.
• Teck Resources average return on tangible equity for 2021 was 4.55, a 158.18% 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.