Tsingtao Brewery Return On Tangible Equity 2010-2021 | TSGTY
- Tsingtao Brewery average return on tangible equity for 2020 was 149.85, a 0% decline from 2019.
- Tsingtao Brewery average return on tangible equity for 2019 was 149.85, a 34.93% decline from 2018.
- Tsingtao Brewery average return on tangible equity for 2018 was 111.06, a 203.53% increase from 2017.
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.