• TKOs average return on tangible equity for 2023 was 6.64, a 73.9% decline from 2022.
• TKOs average return on tangible equity for 2022 was 25.44, a 32.16% decline from 2021.
• TKOs average return on tangible equity for 2021 was 37.5, a 16.5% 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.