• Zalando average return on tangible equity for 2023 was 4.46, a 67.04% increase from 2022.
• Zalando average return on tangible equity for 2022 was 2.67, a 82.92% increase from 2021.
• Zalando average return on tangible equity for 2021 was 15.63, a 79.66% 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.