• Toro average return on tangible equity for 2023 was 177.08, a 47.41% decline from 2022.
• Toro average return on tangible equity for 2022 was 336.74, a 158.06% decline from 2021.
• Toro average return on tangible equity for 2021 was 130.49, a 23.93% 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.