• LY average return on equity for 2023 was 4.39, a 18.1% decline from 2022.
• LY average return on equity for 2022 was 5.36, a 9.92% decline from 2021.
• LY average return on equity for 2021 was 5.95, a 25.9% decline from 2020.

Roe - return on equity can be defined as the amount of net income returned as a percentage of shareholders equity. Return on equity measures a corporation's profitability by revealing how much profit a company generates with the money shareholders have invested.