• Thor Industries average return on tangible equity for 2023 was 59.93, a 84.94% decline from 2022.
• Thor Industries average return on tangible equity for 2022 was 397.87, a 66.56% decline from 2021.
• Thor Industries average return on tangible equity for 2021 was 238.88, a 230.1% 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.