• Tapestry average return on tangible equity for 2023 was -350.95, a 539.84% decline from 2022.
• Tapestry average return on tangible equity for 2022 was 79.79, a 105.86% decline from 2021.
• Tapestry average return on tangible equity for 2021 was -1362.72, a 688.6% 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.