• Westlake average return on tangible equity for 2023 was 17.59, a 60.56% decline from 2022.
• Westlake average return on tangible equity for 2022 was 44.6, a 96.13% decline from 2021.
• Westlake average return on tangible equity for 2021 was 22.74, a 183.19% 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.