• Walgreens average return on tangible equity for 2023 was 25.39, a 114.02% increase from 2022.
• Walgreens average return on tangible equity for 2022 was -181.05, a 22.18% decline from 2021.
• Walgreens average return on tangible equity for 2021 was -232.66, a 672.44% 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.