• Ternium S.A average return on tangible equity for 2023 was 6.63, a 74.85% decline from 2022.
• Ternium S.A average return on tangible equity for 2022 was 26.36, a 18.57% decline from 2021.
• Ternium S.A average return on tangible equity for 2021 was 32.37, a 550% 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.