• Trimble average return on tangible equity for 2022 was -96.85, a 33.84% decline from 2021.
• Trimble average return on tangible equity for 2021 was -72.36, a 93.94% increase from 2020.
• Trimble average return on tangible equity for 2020 was -37.31, a 46.89% increase from 2019.

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.