• Yara average return on tangible equity for 2023 was 16.01, a 43.02% decline from 2022.
• Yara average return on tangible equity for 2022 was 28.1, a 157.33% decline from 2021.
• Yara average return on tangible equity for 2021 was 10.92, a 52.73% 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.