• Workday average return on tangible equity for 2023 was -7.87, a 4.93% decline from 2022.
• Workday average return on tangible equity for 2022 was -7.5, a 43.27% increase from 2021.
• Workday average return on tangible equity for 2021 was -13.22, a 83.93% 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.